Akutwala Ekiro Nakawuka Group
Zzeridda, a 27-year-old happily married mother of one, says her best friend inspired her to join this business. Before that, she was mostly inclined to a modest poultry business. Zzeridda says success in her business has come from hard work and being friendly to her clients. The business generates 120,000 UGX weekly. Zzeridda plans to use this loan to purchase new movie DVDs to show at her cinema.
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