Namanve Development Group-Mukono
Mariam comes across as a courteous, hardworking, and determined lady who says she wants the best in terms of welfare for her family of 5 kids and her husband. Mariam says her business generates for her 250,000 shillings monthly. With this loan, she says she is going to purchase more cosmetics and other hair products for use in her beauty salon.
Mariam belongs to Namanve Development group-Mukono. The person seated in the back on the computers is a credit officer.
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