Ruzinga Tukwatanise Group, Ibanda
Lawrence sells milk in Makerere village, Ruzinga, Ibanda district, to cater for his family and himself. He has been plying his trade for the last fifteen years. Currently his business brings him close to 250,000 Ugandan shillings on a monthly basis. His longevity in this business, he says, is due to his work ethic and experienced decision making.
Lawrence’s business future plans are to expand the distribution of his milk products to cover the whole of western Uganda. It is for this reason that he is seeking a loan. This loan he figures will render him that help.
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