Kijjubwe Women's Group, Ntungamo
Rose’s main disadvantage in the course of doing this business has been the unstable prices in the market and low capital input. With hard work and efficient customer care skills, she has managed to keep his business going for over fourteen years.
In a month, Rose makes profits totaling to 260,000 Ugandan shillings. Her future plans are to fully expand her business transactions which will earn her more revenue to pay for her children’s education. With this loan, she anticipates great progress in achieving this dream and in stocking more goats for sale.
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