Rwenshama Tukore B, Rukungiri Group
Being a married father of six lively children made this 44-year-old come to terms with the fact that he needed to work extra hard to improve his family's welfare. With his cultivated hard-work ethic, he has been able to cater for his family's requirements, including meeting the school fees for his children’s education. That has all been made possible with finances from his business.
Before he began this business, Richard was more inclined to farming. He still derives side profits from his small scale coffee-sales business.
This loan will enable Richard to expand his business through the purchase of more crops like sweet bananas, thus increasing his supplying capacity to his increasing clientele. This will enable him to earn more revenue and live a more sustaining life as he looks at business expansion in the near future.
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