Nezikokolima Kitega Women's Group-Lugazi
Salama says she began this business with her own savings, unlike many of her contemporaries who rely on bank loans. Her niche in the market has been growing, and she attributes this to her good relationship skills and word of mouth. The determination and diligence she has personified has seen her make significant headway in her operations, especially as regards being able to sell her clothes beyond Lugazi.
Weekly, this business generates her 70,000 shillings, and she says with this loan, she is going to buy new textiles for making clothing.
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