Zion Christian Association Group
She runs a retail shoe shop in Entebbe Kitoro town, which she started five years ago. She has been able to get income to cater to the needs of her family.
She has borrowed a loan of ugx.900,000 to add more stock of shoes to her shop.
She mainly sells school shoes for children and she is targeting the season.
She is so grateful to the institution because she has been able to boust her business by borrowing from our institution. She hopes to open up another shop to increase her income and savings with us.
She is a God-fearing lady, honest and loves her customers - that’s why her business has been able to last for long.
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.
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Success!! The loan was 100% repaid