Munansi Development Group A
The happily married mother of two believes she will always do better financially in her business if she keeps restocking her retail shop with commodities that many people in her Mubende area are partial too.
At present, she principally sells soap, rice, beans and ground nuts. She says that her weekly business sales profits are to the tune of UGX 180,000.
Prior to taking root in this business, Jane was involved in a small agriculture business. She still ekes out profits from this business though she says it is more of a second-fiddle business now.
With this Kiva loan, she says she is going to purchase more retail commodities to resell. She anticipates more sales revenue in the future out of reselling more of what she buys.
In the group photo, a lady client by the name of Annet had her face inadvertently covered by the lead client's raised hand.
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