Mabira Development Group
Muwanga needs a loan to buy more soda, mineral water and juice for her shop. Her dream is to own a much bigger shop with more soda, mineral water and juice plus other goods like sugar, tea leaves and other foodstuffs to accompany her drinks.
Muwanga will share this loan with the members of her group. The group is really thankful to Kiva for giving them this opportunity.
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