Kweyamba Women's Namawojjolo 2, Lugazi Group
Daisy has been running her business for the last two years and, in a sense, has been successful in as far as making her business function well. Her close personal involvement and proactivity in the decision-making processes aimed at helping her business grow, have been her towers of strength. In a week, her business generates her profits that total up to 35,000 shillings.
With this loan, Daisy envisages being in a position to buy more soft drinks and bottled fruit juice for her business. She will resell it to earn more revenue.
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