Alinyikira Development Group-Mukono
She also runs other side businesses: a commercial motorcycle business and a commercial farm. With these she is able to cut both ways in terms of alternating the usage of profits that come from each of her businesses.The proceeds from this loan she says are going to be used to buy more chicken feed and medications for increased output.
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