Alinhinkira Women's Association-Jinja Group
The need for self reliance, she says, is what got her started in this business. Her story of transformation from a housewife into a fully fledged businesswoman is something in which she takes pride. She says young underprivileged girls can look up to her and emulate her. Her weekly income is 70,000 UGX. Joy also runs a charcoal sales business. With this loan, she wants to purchase metal materials for welding doors, windows and chairs.
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