Bunawona Womens Group
Roze principally engages in the selling of foods such as maize, bananas and cassava. These sell highly on the food markets. Her auxiliary business is milk sales.
Her weekly sales income totals up to UGX 150,000, and she intends to use her loan to purchase more food and milk to resell.
For Roze’s group, this is the fourth loan.
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