Tulwanirewamu Community Group 2-Kampala
Being a product of a hardworking community, 37-year-old Hassan M. has steered clear of such a predicament. People in his community in Naluvule, Kampala, are well known sticklers fpr hard work and have always risen to the occasion when opportunities arise.
It has been 12 years since this gentleman decided to start his retail shop. He sells a variety of general merchandise retail items that are in high favor with the people around his locality. He earns 180,000 shillings in weekly profit. Hassan also sells food.
He was encouraged to enter this business by a close friend. Previously he was inclined to hawking wares. With this loan, this married father of three says he is going to buy more retail items for sale. In the future, he says his profits will increase. Hassan belongs to Tulwanirewamu Community group.
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