Iganga Development Group, Mukono
Like many of her contemporaries, this 40-year-old found the prospect of bearing a hand in any business a fascinating experience. Most of her close acquaintances had entrepreneurial skills and were doing well in business.
As of now, Aisha is eager to cast her mind to the future, knowing how she has strived and gone out of her depth to establish a niche for herself in the local market in Kirinya, Mukono. She attributes her business longevity and all she has achieved to her sense of hard work and determination.
Aisha’s family have also, in the course of the last six years, basked in the glow of any improvement in her circumstances. This happily married mother has laid great store on the education of her children with earnings from her business. In a week, she is able to make ends meet on profits that add up to 200,000 shillings.
Aisha’s future plans are to expand her business even further with this loan. She primarily wants to buy more chickens that she says she will resell in the course of her transactions.
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