Yesu Asobola Development Group
Aida's family is close knit and there is a semblance of cohesion in what the family sets out to do.
The last 2 years have seen Aida on the inside lane as she aims at establishing a firm foothold for her business. She sells mostly general merchandise such as soap, sugar, salt, cold drinks, maize flour, rice, beans, plastics,etc. Weekly she says his sales returns total up to Ugandan shillings 50,000.
Aida's reckoning is that in the near future, she will be able to sell and earn more if she can restock her shop with more commodities.
She intends to use her Kiva loan to purchase more retail stock, such as maize flour, beans, sugar, candles, 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