Ganyana Womens Group
Aisha says she took over this business from her deceased parents. Weekly she makes sales profits amounting to Ugandan shillings 70,000. She anticipates her business's prospects to get better with the passage of time and with the acquisition of this loan. She says she will use this Kiva loan money to purchase more poultry to resell to her increasing clientele, principally small restaurant owners and bar owners.
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