Kola Ngo Mudu Group
The fact that she is nurse has also been playing very much in her favor.
Justine plies her trade from a neighborhood in Mukono where there are few pharmacies. The fact that she cares to get the right drugs and restock her pharmacy often has given her strong leverage in the market. She says her monthly profits are approximately 350,000 shillings. With this Kiva loan, she says she is going to purchase more drugs to resell.
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