Bihanga Ii Group, Ibanda
K. has been a farmer in the Bihanga trading centre for 12 years now. So far she has been able to make some reasonable profits that have enabled her to increase on her farm size. Her success stems from the fact that she uses manure and fertilizer to ensure that she is selling high quality products. K.'s goal, ultimately, is to have a very large farm that will allow for increased output.
K. works very hard to give her children a good education. Consequently, she would like to borrow money, with which she will buy more farm inputs.
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