Kwagala Development Group
That conviction that women cannot bear a hand in this kind of business does not hold any place in Ugandan society anymore. More and more women have gone against societal grain and taken root in this business. 43-year-old Barbara is one of them. The steadfast mother of six plies her stone quarry trade in Kampala.
Her experience in this trade stretches to five years. The influence of close friends, she says, contributed a lot to her decision to have a stake in this business venture. As a supplementary business, Barbara also does some poultry farming.
By Pearl Micro-Finance accounts, this is the second time Barbara's group is receiving a loan. Their repayment pedigree has been good. She intends to use her loan to purchase more stones and chicken mash.
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