Bushenyi United Group, Bushenyi
Catherine's main business drawback has been inadequate inventory to meet customer demand, so she seeking a loan to enable her to stock more goods and help expand her enterprise. Being very committed to her business and the provision of good customer care, Catherine hopes to increase her sales revenue and ultimately transform hers into a wholesale business that will enable her to achieve a self-sustaining life.
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