Mukisa Women's Group Lugazi
N. has succeeded in making profitable use of her time running this business that she began with the help of her husband. Savings from her pub business rendered countenance to her in getting her on her feet. In a week she makes profits that add up to 450,000 shillings. With this loan she wants to buy more crates of both hard and soft drinks for her business and also to buy pigs to reduce the costs she incurs buying pork from butcher shops.
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