Agip Womens Group-Mukono
With the passage of time, she drew up other blueprint plans to obtain a footing in her current business. Profits from this business and her other subsidiary rental business have empowered her in the provision of care and financial support to her family of six.
At 32, she is happily married and she says her future prospects are good on the basis of the support her spouse gives her. In a week, she makes profits that add to 170,000 shillings. With this loan, she says she wants to purchase another dryer.
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