Zzana Victory Development Group-Kampala
Previously a nurse in the civil service, Rebecca, a happily married mother of four, says she is a lady with willpower who in most instances relies on her beliefs for motivation. As part of her poultry business she sells eggs, and she also garners some side income from a drug store business, in total earning 120,000 shillings in weekly profits. With this loan, she is going to purchase mash for her layer chickens.
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