Wabulungu Women's Group-Jinja
She mostly sells a local brew popularly known as Waragi which is quite popular with many low rank and file people in Ugandan urban centers. All her kids have been getting an education out of the hard work and effort she has put in in her business. Weekly this business generates her shillings 160,000. With this loan, Betty, who is affliated with Wabulungu Women's group-Jinja, says she is going to buy more jerrycans of crude alcohol for resale and also pay fees for some of her 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