Twegatte Women's Group-Kampala
Don’t compromise your principals and beliefs is the precept she has been using to push her retail shop. Her sand and firewood sales set her business horizons way beyond the boundaries of being mediocre and way ahead of her competitors. Having been a teacher, Annet says the proactiveness she used while teaching is still proving to be relevant. Annet is happily married and is a local councilor in her home area. In a week she makes profits that total 300,000 shillings. With this loan, she wants to buy more retail stock such as sugar, salt and beans. She also wants to buy more sand and firewood for resale.
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