Filida is a fish monger on Lake Victoria. She sells her fish at Mpunge–Buleebi Kachanga. Thanks to previous loans, she also has 12 cows and sells 40 litres of milk per week for additional income. Her specific purpose for this loan is to buy more fish nets to meet the demands in both the local and foreign markets, and to buy more cows to provide milk to sell. Filida is a member of Tumwesige women’s group in Lugazi.
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