Mukisa Development Group
She has, by and large, had a chequered experience running this business. At the beginning, she was mostly sewing school uniforms for schools. With time, she diversified and starting sewing all sorts of clothes to sell. With orders from schools increasing, and her other clothes (mostly lady's clothes) selling favorably in her shop, Joyce knew that, with determination, she could make headway. The new lease on life in her business was translating into better sales profits. Given her nature, however, she could not rest on her laurels. This is one attribute which has kept her business afloat. Most of her friends say she is never complacent.
Weekly, her business sales revenue totals up to 60,000 Ugandan shillings. This is modest by her standards but she remains upbeat. The economic status quo in the country as of now is adverse and she knows most people are facing it tough. Once the situation improves, she envisages better conditions for her business. For Joyce's group, this is their second loan cycle. Joyce says she is requesting this Kiva loan money to purchase more clothes-making textile materials. With this, she reckons she will be able to make more clothes and school uniforms to sell.
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