Byona Biyinzika S & C Co-Operative Society Group A
Sarah says she was inspired by her close friend to take root (in her business). Prior to taking root, she was deriving her sustenance from the selling of poultry.
Sarah says her monthly sales returns are to the tune of UGX 200,000.
She says she intends to use her loan to purchase more retail commodities such as maize flour, soap, salt, beans, 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