Akutwala Ekiro Bulenga Group
On the side, she earns more profits from her farming business. She grows crops such as bananas, beans and cassava which are staple foods in most parts of Mpigi. The supplementary farming business has been pivotal too in her quest to extricate herself out of narrow circumstances. Weekly her sales revenue totals up to 100,000 Ugandan shillings. The requested loan will assist her in the purchase of more pairs of shoes to resell.
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