Rushuma Twimukye Group B
Annet's retail shop is teeming with a variety of general merchandise commodities such as soap, sugar, maize flour, paraffin, etc. These commodities sell well and at length, Annet has been able to reinvest most of the profits she makes. This has ensured continuity in her transactions.
Notwithstanding that, Annet has also had her fair share of business adversity that she says has not in any way dampened her spirits but rather emboldened her to work assiduously hard to succeed. She has learned to take most of the adversity within her stride. This has been her calling card in many ways.
On the side, Annet also does some banana farming. With this side business she is able to eke out additional profits. Weekly her retail sales gross profits are to the tune of 140,000 shillings.
Annet says she is requesting this Kiva loan to purchase more retail commodities such as beans, rice, salt, maize flour, cooking oil, etc. 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