Nyamirama Bakyara Twimukye Group
Presently, women have taken a center stage in the business world. In Uganda, women have actively taken important roles in the economic development of the country and the household incomes.
A good example is a 36 year old Annet who manages a retail shop and a bar in Ntungamo. As the saying goes, ‘experience is the best teacher.' Experience has indeed taught Annet all the necessary skills for her business which she has handled for 2 decades.
This hardworking and flexible business lady earns 50,000 Uganda shillings per week as profits from her business. She also practices agriculture as her other source of income and she stressed that she got the working capital to start up a retail shop and a bar from the sale of coffee.
Her dream is to buy land in the near future.
With this kiva loan, Annet plans to buy goods like soap, sugar, beans for resale at her retail shop.
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