Kanyansheko Bakyara Twimukye Group, Ibanda
Margaret is one extraordinary woman, who has chosen a predominantly male occupation - farming. For the last twenty years she has gone through this farming mill in Kanyansheko village, Ibanda district. It’s with her experience and sense of hard work that she has been able to make successful strides in a male-dominated field.
Currently, Margaret is making profits to the tune of 40,000 shillings a month. It’s apparent that these profits are minimal by her standards, and also going by the status quo. Her future plans, on getting a loan, are to expand her business and to improve her family’s welfare.
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