Bakyala Kwekulakulana, Lugazi Group
Before she fully ventured into the business of secondhand clothing, Aminah was preoccupied with farming. She still does some farming to supplement her minimal earnings.
Aminah mostly sells children’s and women’s clothing and her clients have mostly been women from the locality she operates from. Her good human and customer relationship skills have lent that much needed countenance as she operates her business.
In general terms, the problem of inadequate capital has been Aminah’s main undoing throughout these years of operation. With this loan, Amina is optimistic that her business will make headway. She is looking at buying more secondhand clothing to sell to her ever-increasing clientele.
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