Bwavu Mpologoma W/g, Mpigi Group
Throughout these years of operating, Christine has painstakingly taken measures aimed at getting into her customers good graces. She attributes her good customer handling line of operation as one of the reasons for her business’s longevity. She is optimistic the future will be even brighter on the acquisition of this loan.
Currently Christine makes weekly profits totaling up to 40,000 shillings. With this loan, she is intent on expanding her business. She wants to buy more of the produce that is in high favor with most of her clientele like maize, avocados, tomatoes, apples, and cassava.
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