Bwavumpologoma Women' Group-Buikwe
Prisca's courage and strong-willed determination have seen her survive in this tough business. Previously this congenial and warm-hearted married mother of seven had nothing she was doing to make ends meet. She was mostly engaged in a daily trivial round involving house chores. The fact that Prisca is a farmer who grows fruits and vegetables on her farm plays to her advantage. Prisca says her husband helps her out with her business. Weekly, this business makes her sales profits totaling up to Ugandan shillings 40,000, and monthly, her profits total up to Ugandan shillings 120,000.
With this Kiva loan, she says she is going to purchase more fruits and vegetable seeds to grow on her farm.
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