Gaggawala 'b' Dev't Group B
She has now been in this business for a decade. Weekly, she says her sales returns sum up to UGX 100,000.
She says the thought of expansion weighs heavily on her mind and the odds of expanding her business in the near future are ten to one. Aida says she will use her Kiva loan to purchase more retail items, such as maize flour, soap, salt, rice, 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