Tuliwalala Womens Development Group-Jinja
Each month, the restaurant generates 35,000 UGX and her optimism is high that her circumstances will improve once she accesses this loan. She is as happy-go-lucky and cheerful as they come, and her 6 children have taken after her. To supplement her restaurant business profits, she also operates a commercial motorcycle business and continues to run her farming business. With this loan, she wants to purchase a deep freezer for her restaurant, to cool her drinks.
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