Alinyikira Womens Association Mutundwe Group
She says influence from close family and friends also contributed to her decision. Prior to that, she was involved in mostly odd jobs in and around Kampala, principally working in the decoration business.
Weekly she says this business generates gross sales revenue to the tune of Uganda shillings 50,000. Her optimism is high however. She says with this Kiva loan, her business prospects will get that improved lease on life that she has invariably wanted.
She plans to use her loan to purchase chicken mash and more chickens 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