Clive Road Women's Group 3
Twelve years ago is when 38-year-old mother of four, Prossy, made the decision to take root in her fish sales business in Jinja. Jinja is the source of the Nile River and many indigenous people have taken to fishing and fish selling as their source of livelihood.
Prossy joined the fish sales business with no prior business experience but under the financial auspices of her husband. She has sustained her business through thick and thin with grit, tenacity and unwavering diligence. This explains her longevity in this competitive business.
On the side, she also runs a modest food sales business. Weekly she says this business generates sales profits totaling Uganda shillings 100,000. Prossy says she intends to use this Kiva loan to purchase more fish 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