Mabira Womens Group, Lugazi
In this kind of business where one has many competitors, treating customers with good grace is a virtue. One’s odds of success are increased when one strikes that nice impression with clients. This, in most cases, materializes into good rapport. This is exactly what Hawa can relate to as she has created for herself a dependable niche with this way of doing things.
Hawa began this business in Najjembe, Lugazi, with a loan from the then “Feed the Children, Uganda” and is now with Pearl Microfinance. With this loan, she wants to buy more bananas 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