Trust Development Group, Mukono
To take all his family responsibilities within a manageable stride, Vincent plies his retail trade in Terere village, Mukono. For the last year, this has been his and his family’s, main means of livelihood. He also does some building.
In a week, Vincent says he can make up to 150,000 shillings as profits. The experienced stock in trade he has banked on to achieve longevity in his business has been his exemplary customer care skills and his efficiency. Before all this had came to fruition, he was more inclined to building.
Vincent belongs to Trust Development Group. With this loan, he wants to buy more retail stock for his shop: he wants to buy more bags of sugar, salt, rice and beans.
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