Akutwala Ekiro Group Of Mityana
The 67-year-old mother of five divulges that, on the basis of her good human relationship skills, she has been able to make commendable strides in the improvement of her family’s welfare ever since she began her business. On a weekly and monthly basis Rose says she makes 25,000 and 100,000 shillings respectively. With this amount of money, she has managed to educate all five of her children.
Rose’s future plans are to elevate her financial status through the expansion of her business. With this loan she says she wants to buy new furniture for her kiosk and also expand her operating area.
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