Kikozza Women's Development Group - Mityana
Jane also ekes out side profits from a retail business enterprise. In a given week, Jane says she makes profits that amount to about 35,000 Ugandan shillings. With her share of this loan to the Kikozza Women's Development Group, whose members are pictured in the photo that accompanies this profile, Jane envisages being in a better position to buy more cosmetics and other salon equipment like hair weaving implements for her salon.
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