Kagongi Tukwatanise, Ibanda Group
This is his first loan with his lending group, and being loyal to his customers has done wonders for him. In future, Didas needs to turn the shop into a wholesale business so that he can make more money out of it. He also hopes for a stable and self-sustaining family. He needs a loan to help buy more stock for his shop to avoid shortages. He is a well-behaved and determined man with a strong drive to succeed.
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