Tumwesigye Women's Group-Mukono
Prior to taking root in this business she was involved in tailoring. Her hard work and determination has gotten her this far, she says. All her five children are in school as a result of her hard work which sees her make Shillings 400,000 a week. She also has a sideline dairy business that she says helps her supplement her profits. With this loan she wants to buy more fishing nets and also a dairy cow. This, she says, will go a long way toward helping her financially strengthen her business.
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