Rwabigangura Bakyara Group, Rukungiri
Juliet’s proficiency in attending to her banana plantation for the last twenty years in Karuhembe, Rukungiri, has bore her fruits of economic development. In a month, she makes profits to the tune of 300,000 Ugandan shillings. The only major drawn-out problem that has plagued her business has been the persistent low banana market prices in villages and the fact that she has no ready means of transporting her produce to bigger markets.
It’s Juliet’s reckoning that this loan will come in handy in helping her enhance her banana plantation on a large scale through mulching and the buying of fertilizer, the profits of which will help with taking care of her family. She says that, in addition to the banana plantation, she also grows coffee, maize and beans.
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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