Nyakabare Bakyara Twimukye Group B, Ntungamo
With hard work, David looks forward to improving his banana plantation through mulching and spraying the pests that are currently disorganizing his crops. This will definitely give his ventures improved conditions for some time.
This loan will contribute to the purchase of pesticides and mulches and also help David to restock his grocery store with more goods that include beans and groundnuts (peanuts).
David’s future plan is to be able to get enough money out of his business to pay his children’s school fees and also to expand his businesses for more income.
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