Luwayo Women's Group
Mary has a retail shop in Luwayo trading center away from Lugazi town. Usually she does her shopping at the wholesale shops in Lugazi and so far her shop is prospering. With her previous loans, she has been able to pay her children's school fees using her savings and the support from her farm.
Mary was a farmer long before she opened the shop but opted for the shop because it brings in quick money compared to farm products, and above all, she was able to get access to loans using her business. She has a dream of including the sale of cold drinks in her shop after getting electricity just from a pole at her neighbor's residence, but she still lacks the capital necessary for accomplishing the task. She now wants to restock her shop, buying sugar, washing soap, Vaseline, and bathing soap for more profits using the loan from Kiva.
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