Bwavumpologoma Men And Women Group, Kayunga
Whenever N. has a loan, even after having accumulated savings, she is able to buy in bulk, and at times buys a plantation from which she gets the food slowly, depending on her market, since the foods she deals in are all perishable. She has been able to buy herself a motorcycle, and she has cows and goats at home. Dumba needs a loan to help buy 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