Robinah buys her fish from the landing sites in Mukono, Lugazi and Jinja and she is faced with the challenge of the poor and costly transport network that affects her business.
This is Robinah’s first loan with her group and she hopes to be able to obtain quality fish from it, grow her business, earn more profits for paying school fees for her children, and also improve on the construction of her house.
Robinah needs a loan to help buy more fish for resale and this will enlarge her business.
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