Tukolerewamu Association Bakijjulula-Mityana Group
Recheal is a genial mother of 4 who works hard at administering and overseeing her food sales business in Bakijjulura-Mityana. Recheal mostly sells potato chips, doughnuts and soft drinks. She has used those good fundamental elements in her line of conduct to strike a chord with her customers over a period stretching to now 4 years.
Recheal is also a teacher and it’s with savings from this that she embarked on her first business which was selling agro produce. She dispensed with it later on after setting forth on this business. In a week, she makes profits that total up to 50,000 shillings and with this loan she wants to buy more potatoes and crates of soft drinks for resale.
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