Mpara Abagamba Kamu Traders Group .a
Gertrude comes across as a warm, lighthearted and congenial business woman. These attributes have won her laurels and golden opinions. It partly uncovers why her business has been making lots of headway ever since its inception. Along the way, she has had to bear with the inevitable adversity that plagues every business. Her determination, strong resolve, tenacity and upbeat attitude have, needless to say, been momentous.
Monthly, Gertrude says, this business's gross sales revenue totals to Uganda shillings 200,000. Gertrude's Group is receiving a loan from Pearl Micro-finance for the 4th time now and their repayment record has been good enough. She intends to use this Kiva loan to purchase more clothes 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