Kandahar Clusters Group
Marion has a fondness for farming, an activity she did before she took up retailing. She still finds time, especially on the weekends, to do some farming and she normally delegates the responsibility of running the shop to her sister. Her monthly sales profits total up to UGX 200,000. The purpose of this loan is to enable Marion to make substantial purchases of more retail commodities such as sugar, rice, plastics, salt, beans, toothbrushes, Colgate, soap, bread, etc. to ultimately 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