Kigunda Tukwatanise Group, Kyenjojo
Colonel works hard to ensure that he expands regionally and has a steady supply. He works to have a stable family. He needs a loan to help him expand his business by enabling him to buy firewood for burning his bricks.
He is shown at the top left in the small photo and also appears in the group photo. He is the leader of his lending group.
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