Kigarama Women's, Ibanda Group
She operates a thriving produce business in Kigarama Trading Centre, Ibanda, dealing in the buying and selling of cereals like millet, rice, sorghum, beans, peas and more.
With a business longevity span of seven years, Mariat has managed to significantly sustain and improve on her family’s welfare status through paying the school fees for her children and providing for her family's general welfare. To all appearances, her future business prospects look rosy with close to $124 coming in monthly out of her business.
She envisions an even greater profit margin as she gets this loan, anticipating being in a position to buy more stock for the business. This will enable her to expand her business, educate her children, develop her plot of land and also be able to earn more revenue and live a self-sustaining life.
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