Twisakilala Group, Jinja
What has been of paramount importance to Mwajab all these years has been hard work. Her amiable personality has also played so much into her favor as this has gotten her many friends who in turn have turned into clients.
Prior to this, Mwajab was selling timber which she still does, albeit on a small scale. This was her first business but, because she was not making ends meet, she decided to try bearing a hand in her current business undertaking. She has never looked back since, as this business has proved to be worthwhile.
In a week Mwajab makes profits that add up to 180,000 Ugandan shillings. With this loan she wants to buy more bales of secondhand clothing and also new clothes, especially for Christmas sales.
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