Ekirirwa Eira Womens's Group-Jinja
Whilst many people grumble about the unraveling of Uganda’s textile industry, being that Ugandans are now more than ever inclined to buy second hand clothing, she has not wavered an inch in her determination to make her business a success.
For this married mother of 4 who, as she recounts, began with a vegetable selling business, there has been a relative turn in people’s preferences, especially from her vantage point. In a week, her business makes her profits that amount to 45,000 shillings. She also runs a poultry business.
With this loan, she wants to buy more rolls of textile material to make clothing.
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