Suubi Lyamukama Group 2, Lugazi
Milly has been a businesswoman with a poultry and farming business in Kitigoma for eighteen years and her major challenge for her poultry business is the scarcity of water for her chickens. For the farming business, she has had experience since childhood. She is able to make 200,000/= as weekly profits and she attributes this to her good customer care and the loans that increase her capital.
In future, Milly would like to become a wholesale supplier of chickens and eggs to big hotels, eating places, schools and universities plus build rentals for her children’s education in future while she is gone.
Milly needs a loan to be able to buy insecticides for her farming and feed for her chickens for better growth.
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