St Yowanina Group
She has been operating a retail shop for 16 years. She started her shop with capital of 100,000 UGX, and now she has 1,000,000 UGX as her working capital.
Her hardship is debtors who take too long to pay. Her vision is to run a wholesale business and to educate her children.
Neverless needs the money to buy sugar, rice and soap for resale.
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