Twetungure Women, Bushenyi Group
For eight years, Edith has successfully operated her bookshop business in Ishaka, Bushenyi, albeit with many challenges. She has used her courage and conviction to prevail in narrow circumstances like the aforementioned. She has used earnings from her business to give her one, 28-year-old son a good education.
Edith started off this business with some money that her late husband had as savings. In a week, her business generates her profits totaling up to 50,000 shillings and, with this loan, she wants to purchase a binding machine, binding materials, books and other forms of stationery.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid