Akwata Empola Womens, Mubende Group
With this loan, she hopes to be able to purchase more stock for her business as her drawback has been having little capital. She also hopes to be in a position to transform the business with extensive shopping for more bales of clothes, thus improving her incomes. This will allow her to live up to her goals of educating her children and increasing family income.
She belongs to Akwata Empola women's group with other members who hold each other accountable in paying back the loan.
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