Great Hope Development Group-Lugazi
With this sense of purpose she has made great strides in terms of attracting customers who range from low, middle to high income earners within her Kito locality, Mukono. This has translated into increased sales and hence more profits.
Being a family-oriented woman, these circumstances have been momentous for her as she has, based on her business, sought the betterment of her family. Harriet pays tribute to her husband who she says pep-talked her into setting forth in this business. In a month, this mother of one makes 70,000 shillings. With this loan she says she is going to buy more boxes of cosmetics for resale and also purchase machines to use in her beauty salon.
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