Victoria Women's Group B-2, Lugazi
36-year-old Ruth has an applied and experienced mind. Her business generates her 200,000 shillings on a monthly basis. Being the wise, hardworking and focused woman that she is, operating a pay-phone business has also been a wise decision.
With this loan, Ruth wants to restock her boutique with new clothes 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