Kigando Tubingye Group, Kyenjojo
Zefulino has operated a business selling produce in Kigando trading centre for five years and he says that the business is doing well. He is able to make 30,000/= as profits every week and he hopes to have good quality products as well as to have a fully-stocked store always.
Zefulino hopes to have a stable and self-sustaining family and this is why he needs a loan to be able to purchase more stock like maize grains, beans and rice for increased stock and hence more sales.
Zefulino is a friendly and determined man with a strong drive to succeed.
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