Yesu Ammala Kamwokya Group
The happily married mother of 5 has shown, for the last 7 years, that one does not need to have prior business experience to lay a foundation for themselves in their business endeavors. She set forth in her business as a novice and, at present, she is regarded as a trail blazer who began her own spare parts business out of her own enterprise. Eva deals in all car, bicycle and motorcycle spare parts. Her clientele are principally car drivers and commercial motorcycle riders. Weekly, she reckons her sales revenue totals up to shillings 100,000. Eva has a second business that she operates, the sale of plastic bottles. Eva says she is requesting for this kiva loan to purchase more spare parts to resell at her shop.
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