Katojo Abamwe Group, Ibanda
Teddy ensures that she has good produce for sale, and this allows her to maximize her products depending on her stock and capital. She would like to make more profit as well as have a happy and healthy family. Teddy is requesting a loan to improve her banana plantation by buying manure and fertilizers for better output. She is grateful for her previous loans because they have helped her business and her family's welfare very much.
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