Akwata Empola Gambwa Group 2, Mityana
Within a period of less than three years since Wilson began his business, adverse dry weather conditions have manifested themselves as his biggest letdown. He has had to grapple with a problem of less supplies from his farming distributors in the wake of such conditions.
Wilson envisages a new and improved chapter in his business after he gets this loan. He will be able to expand his capital base as he stocks more produce like maize, beans, rice, coffee and so on.
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