Kashenyi Twetungure Group A-Kihihi
Weekly, this business generates for her 100,000 shillings. For this happily married mother of 7, the future prospects do not look bad. Her prognosis is based on the fact that she is also going to get this loan to help her revamp her business. Fausta also ekes out additional profits from a goat selling business.
With this loan, Fausta says she is going to purchase more retail commodities to resell. She says this will bring her more sales revenue.
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