Nyarurooma Adults Group, Bushenyi
Along with this business Night has a pineapple garden and coffee trees, all of which supplement her income. Thus, she is always able to earn 200,000 Ugandan shillings monthly.
This loan is to help her do the mulching, buy stake poles for her plantation and buy pesticides. This will help her improve her production and sales revenue to enable her take care of her family.
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