Ssuubi Development Association Group
That was her way of making a statement that she was in for the long haul and that she wanted to make quick headway. Though her journey from the start was fraught with many challenges like the lack of financing for the purchase of more chickens, she nevertheless obtained a footing.
The way she has organised and planned for her business the last 10 years bears all the hallmarks of success.
Mary is to all appearances a buoyant and assiduous lady. She is happily married with eight high-spirited kids. She says the inspiration before she took root in this business came from her close friends.
On the side, she ekes out additional income from two other businesses--bricks sales and rentals.
This Kiva loan, Mary says, will be used to purchase more layer chickens and chicken mash and she says she will use the rest to pay fees for her kids.
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