Bugolo Zibulaatudde Kikondo Group 1-Lugazi
This happy-go-lucky and affable married mother of six has brought profit grist to her business mill, selling fish all these years. Her business status at present reads like a rags-to-riches success story. With savings from her first farming business, which she still operates at a small scale, Tausi was able to set forth on this business. Casting her mind back, she says her farming business was not as lucrative as this one. She says she had to grapple with a lot of financial difficulty at that time.
As of now, she is planning on building a better family house if her prospects improve with this loan. In a month, her profits total up to 240,000 shillings (about $106). With this loan, she says she wants to buy a boat.
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