Twesiga Mukama Group
Alex is a single mother of four children aged between 7 and 18 years. She fends for them singlehandedly after her husband abandoned her for another woman. She operates a food stall in Kironde cell and sells mainly to the inhabitants of the place. The stall is still small because she does not have enough capital and her family has to survive on the same. She wants UGX 500,000 to buy food items and also pay school fees. Her main challenge is limited working capital and yet food prices are high.
Her dream is to see all her children educated despite their hardships. Alex is a very hard-working woman.
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