Kibalinga Kyosimba Onanya B, Mubende Group
She uses loans to help her buy more goods to resell at a profit, with the hope of earning more income, catering for her family's needs, and thus improving her standard of living. This time round, she wants to clear her children's school dues. She belongs to Kibalinga Kyosimba onanya group with other members who hold each other accountable for paying back the loan.
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