Kashangura Tukore Group, Ibanda
Claire has been involved in the sale of produce at Kashangura Trading Centre for nine years. She says that she is successful because of her customer loyalty and she hopes to expand further in business. She would also like to have all her children educated so that they become self-reliant in future.
Claire needs a loan to be able to buy more produce for resale since running out of stock means losing out on some of her customers. She is such a determined and hardworking lady with a strong drive to succeed.
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