Kiira Womens Group
The Pub business has been paying dividends though she says she still has a lot of leeway to make up if she is to notch up more success in this enterprise. The Pub business is highly competitive and one needs to restock constantly with a variety of hard and soft beverages to meet the growing demands of clients. Her business has the potential to make headway in leaps and bounds provided she stays focused.
This business is one of the most lucrative businesses in the country at the moment and Resty knows hard work and the further revamping of her services and facilities will help a lot.
She carried out some refurbishment on her facilities late last year and the upshot was increased partiality to her services. That was, however, short lived as the operating costs shot up. Because she was paying more for rent, she was hard pressed in restocking with the best beverages that her clients ask for. However, she managed to take that in her stride. Monthly she says her gross sales profits total up to Ugandan shillings 200,000. Resty says she is requesting this Kiva loan to purchase more crates of both hard and soft beverages like sodas and beers 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