Kashozi Bahingi Twetungure Group, Bushenyi
Yosamu is a tea farmer from Kashozi. In order to earn a good income from his farming, he ensures that he grows good quality tea and that he increases his output. He is a hardworking and a determined man who would like to expand his farming business in order to increase his income and enable him to continue paying school fees for his children and general upkeep. Yosamu is requesting a loan to buy more tea leaves so that he is able to supply his customers since what he grows on his farm is still not enough to meet the demand of his expanding customer base.
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