Jinja Agency Women's Group
With her portion of the group loan, she plans to buy more new girls’ clothing to sell, which she buys from Kampala, the capital city, as well as stock the fridge with more soda, beer and juice. She is really business oriented and respected as the group leader, and she has a 6 years’ experience with loans. Her dream is to be able to rent a store as her shop because moving around is not an easy job now that she is growing old.
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