Terere Group 1, Mukono
W. Dissan is a hard-working and devoted man and the leader of his lending group in Mukono. He is married with seven children, six of whom go to school. He has a retail shop business that helps him in taking care of his family. Dissan is also a farmer, growing food both for home consumption and to sell and this helps him to have additional income. In the future, Dissan hopes to expand his shop further so that he can make more profits compared to the $26 that he makes every week, approximately. Dissan needs a loan that will help him to restock his shop with more goods and to pay school fees for his children.
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