Besiga Mukama Development Group, Mubende
Justine was a nurse before and she used the money she had saved to start this business. She describes herself as a trustworthy individual who customers can put their faith in. This, she says, is the reason why she has lasted this long.
With this loan, Justine says she wants to purchase in bulk retail items that she will resell. This, she says, will lay a good foundation for better profits in the future.
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