Talemwa Development Group
This happily married mother of 5 is thrilled to bits and she says she was pep-talked by a close friend before she set forth in this business. Prior to that, she was preoccupied by farming. Weekly, her gross sales returns are to a total of Uganda shillings 70,000. She intends to utilize this Kiva loan to purchase more food, to wit-bananas, maize, beans, rice, cassava, etc. 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