Bunawona Women's Group 1, Kayunga
Elzabeth’s easygoing and happy-go-lucky line of conduct has played so much in her favor. Striking that good first impression with clients is always a winning trump card in any business. This mother of two makes 30,000 shillings weekly and with this she has been able to keep her head above water.
Elzabeth is asking for this loan to be able to buy more maize flour, cow peas and cooking oil to sell.
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