Suubilyamukama Lending Group
Josephine buys her clothes from Kampala, making the trip twice a week, and so far business is good. Her dream is to be able to buy a sewing machine so that she can make most of the clothes herself, as this will help her save more.
Josephine is asking for a loan to help her buy more clothes for her shop. She will share this loan with the members of her group.
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