Kira Development Group, Mukono
Agnes’s business preoccupation for the last eight years has been rearing poultry and selling agricultural produce as well as being a farmer and selling what she grows. She operates in Kira, Mukono district.
Agnes envisages a situation where her weekly profit of 50,000 shillings will be increased if she gets this loan. With the profits, she plans on buying more poultry and buying more land to plant more crops.
Agnes says constant poultry diseases and fluctuating prices at the local markets of agricultural produce have been her major problems. She is grateful that she obtains loans that stand in for her in case of need.
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