Kasenge Women's Group-Mukono
Before she embarked on this business journey, she was mostly involved in a modest old clothes sales business. The business is still in existence though it is second fiddle as of now. The grocery store business has been doing well, judging by the 600,000 shilling profits she makes monthly. With this loan, Justine says she is going to revamp her grocery business and also buy more bales of old clothes for resale.
Justine belongs to Kasenge Women's group-Mukono.
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