Bulenga Twekembe, Mpigi Group
To make her future business prospects doubly sure, May has gone out of her way to show good client handling skills. This has enormously played into her favor as manifested by an increase in her profits over the course of the years she has been operating. In a week’s period, her business has been generating her on average 100,000 shillings.
May’s future reckoning is to be able to buy more furniture and consignments of drugs for her maternity business. With this loan, she sees this coming to fruition.
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