Tulwanirewamu Community Group 1-Kampala
The combined profits from her two businesses helps her provide better for her kids. She credits her husband for giving her some of the start-up capital back then when she was more inclined to small-scale subsistence agriculture.
With this loan, Hellen, who belongs to Tulwanirewamu group-Kampala and who is also a mother of eight, says she is going to buy more stock for her retail enterprise and she also expects to improve her farming business with manure purchases.
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