Rwashamaire Twetungye Group
Mary is involved in the sale of clothes and she also has a tailoring school with sewing machines for learners. She hires trainers in her school and as the students pay the fees, she makes about 250,000 shillings as profits including clothing sales. Mary has been in this kind of business for four years, having raised capital from agriculture.
She is flexible, committed and a performer in life. Her dream is to purchase a plot of land and build a house while the children are in school. As a result of taking loans to reinvest in business, Mary’s income has increased.
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