Omungyenyi Tukwatanise Group
Mary is an exception to the rule. Notwithstanding the fact that she is divorced, she has showed fortitude in the face of hardship. It is a trait which is a rarity in most Ugandan women. She says that the odds were stacked against her but due to her strong resolve, she was not fazed. Her approach was to work assiduously to better her own welfare and that of her family. The entry into her business, just like any other business, was formidable but she remained firm in the face of the hurdles she encountered.
In many ways, affirmative action programs have been invaluable to her, just like they have been to many women entrepreneurs all across Uganda. Farming is the second string to her bow and, needless to say, her farms provide all the food items she sells after harvesting.
Mary says that her monthly sales income totals up to Uganda shillings 800,000. Mary is going to use this Kiva loan to pay school fees for her kids and for the construction of a house.
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