Nazziba Central Womens Group-Kampala
After 10 years selling alcohol and soft drinks, which are in such high favor with Ugandans, she has developed solid business experience that she says will only help in making her business stronger. This married mother of 4 says she makes weekly profits to the tune of 150,000 UGX. Prior to this, she worked as a parking lot attendant. With this loan, she wants to buy more crates of both hard and soft drinks for her pub.
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