Tweyambe Development Group-Kabowa
Scovia is a 28-year-old married woman with three children aged between 3 and 5 years. She sells soft drinks in the outskirts of Kampala town. She works all the days of the week so that she can break even. She sells mainly to vendors and people within the market. Scovia's main challenge is stiff competition from the vendors. She wants UGX 300,000 to buy soda, juice and fruits. She works very hard and is shrewd in order to beat the competion. Her dream is to become successful in business and build a house for her family.
Vincent, aged 23 also a member of the group who rides a motorcycle ("boda boda") wants the loan to pay school fees for his brother.
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