Twetungure Women, Bushenyi Group
Given the nature of her occupation where competition is tight, the above traits have come in handy for 56-year-old Edith. This mother of two reveals her family’s standard of living has improved ever since she began her business in which she binds books and Bibles and also makes envelopes for sale.
On a weekly basis she says she makes 60,000 UGX. With this amount she has managed to send her children to school. With this loan she says she wants to buy more bookbinding materials and expand her operations. Her future plans are to elevate her financial status through the expansion of 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