Rugaaga I Twimukye Of Ibanda Group
Mackleen is a farmer, selling produce from Rugaaga I, and from her transactions she is able to make 260,000/= (Ugandan Shillings) as profits every week. She has been a farmer selling produce for fourteen years and is grateful that she has been able to win more customers due to her quality produce.
Mackleen needs a loan to help with buying more produce for resale plus employing manpower on her farm for better output.
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