Bring Amber Court To Unite Group 3-Jinja
He started in his current fish sells business with savings from a modest silver fish sells enterprise. Prior to that he had tried his hand at agriculture. W. who is to all appearances a diligently focused man says his weekly business earnings sum up to 80,000 shillings. W. is happily married with 6 kids, 5 of whom attend school. With this loan he says he is going to purchase more fish for resell and the rest will go towards paying school fees for his kids.
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