Ddembe Women's Group
What has made her business successful is the fact that she always strives to get her clients what they require. She has combined this with her good human relationship skills and her humility. She says these have been an integral part of her business round.
Prior to this, N. says she was preoccupying herself with a farming business, which she has since dispensed with. At present, she also ekes out side profits from a cattle sales business. Weekly, her sales revenue totals up to shillings 100,000 and she says with this Kiva loan, she is going to purchase more bales of used clothing to resell.
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