Bwizi Livestock Marketing Group, Kyenjojo
Jackson is involved in the business of goat selling from Benga Bwizi subcounty and he is able to make weekly profits of 45,000. He believes that once his business expands, his income and profits will also rise. He hopes to become a strong business person and with the loan, he hopes to expand his business operations for more profit, by buying more goats for reselling.
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