Katebo Basooka Kwavula Group, Mpigi
Annet is a farmer with seven years experience who, at the moment, is able to make 180,000 UGX as a profit per month.
She is a hardworking lady and is happy that she has a ready market for her produce, hence is full of confidence in what she does. She works hard so that she can buy a truck to ease her own transportation needs, as well as to help educate her children to the highest level.
She needs a loan to be able to diversify her farming activities and rear more animals. She will also buy more seedlings and animals for expansion.
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