Babyelesa Development Group
A case in point is 45 year old Clement who does not purchase her milk for home consumption but for resale. She has been engaged in the cow milk sales business in Mukono for the past 12 years. Creating a good rapport with her milk suppliers has been playing to her advantage in many ways, principally the fact that she is supplied with milk every time her supplies run short.
Mukono, like many other Ugandan urban areas, now gets most of its milk supplies from traders who transport their milk from Western Uganda. Clement, a happily married mother of three, says she was pep talked into this business by her brother. Before that, she was engaged in a hides and skins sales enterprise. Weekly, her sales profits total 100,000 Ugandan shillings.
With this Kiva loan, Clement plans to purchase more jerrycans of milk for resale.
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