Mpara Abagamba Kamu Traders Group B.
Anna has run her business for about 12 years and, on average, she earns about 150,000 Ugandan shillings as profits per month. She is a very hard working lady who was encouraged by her friends and family members to start this business. Her customers are the local people in the area and she says her good association with people is the reason her business still stands.
With a Kiva loan, she intends to buy more clothes 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