Tweyambe Women's Group-Jinja
This happily married mother of 2 says running her business has been worthwhile in many ways. She points to the improving standards of living of her family as a case in point. She makes 180,000 shillings in profits weekly from her business.
K. Oliver requests this loan to purchase a new sewing machine that she plans to use to sew clothes herself, which she will sell at a higher price.
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