Nyikira Okole Women's Group B
Betty reports that her weekly sales revenue totals up to 120,000 shillings. She tells us that she intends to use this loan to purchase more crates of both hard and soft beverages to offer for sale at her pub.
Betty and her husband have two children who are both enrolled in school in Kampala.
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