Forcused Women's Group
Catherine has been operating a hotel and retail shop in Kihihi market for 2 years and she is able to make a weekly profit of 100,000 UGX. Catherine’s customers are mostly within the town of Kihihi. She says that she started her business with capital from agriculture and that she has been able to expand it by being cooperative, friendly and hardworking. Her dream is to be able to expand on a large scale and for her family to develop. Catherine needs a loan in order to restock her business with more foodstuffs for the hotel and general merchandise for the shop.
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