Kasenyi Community Progressive Group, Mubende
Due to good management and esteemed customer care, the business has maintained customers for a long time. She created a good market by maintaining high levels of hygiene. Most of her customers are town dwellers. With this loan, Dorothy wants to put in place good furniture and buy foodstuffs and drinks as she looks at improving the quality of services offered. This will enable her to get more customers, earn more profit and be able to cater to her family's needs like education. She is very optimistic about achieving a self-sustaining life with more income coming her way.
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