Rwashamaire Bakyara Twimukye- Ntungamo Group
She opened up a retail shop and a bar because of the advice given to her by a friend. In addition, her hard work, friendliness and determination have done wonders for her. She hopes to expand her business further, construct a good house for herself and buy a car to help her in her businesses. Her loans have helped her in paying school fees for all of her children as well as expanding her business.
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