Butasingwa, Zibula Atudde Group
Betty is a businesswoman who sells shoes of all kinds from the Kyetume Central market and from home. She has also been a tailor for 6 years, a duty she still performs from her home; she deals mainly in women's and children's clothes. She also keeps cows and pigs, which has helped her in times of need--she would sell a pig and milk to supplement her savings to pay school fees or invest in her businesses. Betty needs a loan to help her buy more shoes to sell and more material for her tailoring business.
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