Awaggwa Eku Kirinya Development Group
Well, this statement sums up the expectations 35-year-old Harriet has for the future expansion of her tailoring business.
The only secret to success based on this mother-of-one's estimation is unwavering diligence and a sense of purpose. She says all bets are off on the growth and expansion of her business.
Thus far, her business enjoys sales returns to the tune of UGX 160,000 monthly.
She says this Kiva loan will help her with the purchase of more textiles for clothes making.
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