Bwizi Network Of People Living With Hiv, Kyenjojo Group
In a month, this focused married mother of 8 children gets 100,000 Ugandan shillings as her monthly profit. With this money she has managed to cater for all her children’s education needs and general family welfare. She has come to grips with some inevitable business challenges; she has however not lost heart. The determination she carries with her means she is full of optimism that the future of her business will be good.
She belongs to Bwizi Network, a group of people in KYENJOJO. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.
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