Agali Awamu Kikajjo Group-Kampala
She has been unrelentingly hard-working over the course of these years, and her husband has also been at her beck and call. This has helped her a great deal. Erid and her husband have one child. Her customers range from old to young women who reside in Namasuba - a growing suburban area in its own right.
Erid says she will be empowered by this loan to buy weavers and driers for her salon. She says this will be a springboard for making more profits for her business, as her workers will be able to expedite the work that they do.
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