Balikuddembe Women's Group
Hard work is an important part of her daily routine.
Grace, a happily-married mother of 7, has struck quite a chord with many of her clients with her friendly attitude and the way she acts expeditiously in attending to them.
Unbeknownst to her, it has kept clients coming and her business afloat.
Grace sells staple foods such as bananas, maize flour, sweet potatoes, yams, Irish potatoes, green vegetables, and rice.
Grace also subsists on some modest income from a cattle sales business. Prior to engaging in the above business, she was leaning more toward farming.
Grace is on the ball and she sees more success on the horizon. Her determination, hard work ethic, and tenacity are distinguishing traits that will continually work in her favor.
She says that her weekly gross sales are to the tune of Uganda shillings 50,000.
Grace says she intends to utilize this Kiva loan to purchase more bananas, rice, and sweet potatoes to resell, and will use the rest to pay fees for her kids.
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