Kwesitukira Group, Lugazi
All of Escalanda’s children are old and working and she helps to take care of her grandchildren, some of whom are orphans. This is the main reason why she gets loans in order to be able to earn funds for financing her dependents’ education.
Escalanda needs a loan to be able to buy more brew for resale, although some of it she makes herself.
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