She earns about 70000 ugsh /week in profit. She's been in business for about 15 years and has been involved with her lending group for 11. The strength of her business, she says, is having great customer care.
Her benefits from the loan include her ability to build her own house and send all her kids to school. She started borrowing 50,000 Ugsh 15 years ago. Now she has gone up to 900,000. This is her 36th loan. She is so grateful that the loans have enabled her to send her kids to school.
Her vision is to have all her children attend University.
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