Tusiimye Development Group
As the group picture on here shows, the single mother of six completely looks a picture of good health. Many of her friends describe Rose as a tough cookie, driven by ambition and self confidence. Rose, who is aided by her daughter at her shop, says she got inspiration from her significant other, that is her husband, in starting this business.
Rose is a teacher by profession and she started off by teaching. At length, she used some of her savings to start this business. She does some tailoring on the side too. Weekly she says this business generates revenue to the tune of 100,000 shillings.
Rose wants to revamp her secretarial business with a better computer. The purchase of this new computer is what this Kiva loan is for, she says.
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