Kirabo Development Group
She started her hair salon business in 2009, to help her take care of her elderly mother in the village and also to pay for her children's school fees.
She wants to buy hair cream and hair weaves for the salon. Josephine's dream is to build a big salon for herself and a nice house for her mother. The challenges she faces are competition and lack of enough capital. She is a hardworking lady, who does not give up until she has achieved what she wants.
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