Bamu Group 2, Jinja
Musa has sold tomatoes from Amber court market for twelve years and his biggest challenge is the fluctuating price of produce although he is able to make 80,000/= as profits a week. He has good customer care skills and this, in addition to the quality of his tomatoes, makes a plus for him.
Musa hopes to expand his business as well as own a car for his business plus build a house for his family. He is a hardworking and friendly man and he wishes to increase his business capital by having more produce for resale.
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