Nyakabare Bakyara Tutungukye Group
Happy began with an agro sales business. She relied on profits from this business to begin the pub. At the pub, she sells a variety of hard and soft alcoholic beverages. Happy says despite being busy at her pub, she still finds some time, especially on the weekends, to oversee her agro produce sales business. If she does not find time, she says she delegates the running of the business to her brother.
Happy says with determination, hard work and prayers she will achieve even more than she has achieved now. She says the only limit is the sky. Weekly, this business generates her 120,000 UGX as sales profits. Happy intends to use this Kiva loan to purchase more crates of hard and soft alcoholic beverages to sell at her pub.
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