Bawanguzi Development Group, Mukono
Felista owns a school in Nabuti that has been operational for four years and she is grateful that the loans have helped her in running it. She hopes to continue improving the academic standards of her school so that her pupils can be good and successful citizens.
Felista also hopes to expand her school further but needs a loan to help with buying more foodstuffs in bulk for the school.
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