Nezikokoolima Women's Group, Lugazi
In Kigenda, Lugazi, where Yeko runs her businesses selling bananas and passion fruit, she has had to summon up a sense of resilience and determination to establish for herself a dependable niche. On weekly profits totaling up to 40,000 shillings, her business has made steady progress. As a testimony to this, she has managed to educate all five of her children. She was into a coffee-selling business before she ventured into her current enterprise.
With this loan, Yeko wants to revamp and expand her business through the purchase of more bags of bananas and passion fruit that she will later sell to her 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