Aniyali Amanyi Group
She says she was introduced to this business by a close friend and she says she is able to make profits to the tune of 80,000 Ugandan Shillings (UGX) a week. She says with this loan she is going to purchase more hammers to be used in the quarry. At the time the photo was being taken, two group members were not present and are marked as unpictured. One other lady in the photo had her face a little bit obscured and is also marked as unpictured.
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