Karambi Tutungukye Group, Ibanda
This married lady has subsisted on growing a variety of agricultural products for the last ten years. Though adverse weather conditions have constantly affected her gardens, Jesica has managed to consolidate the gains she has made. As a result, her family of four children has enjoyed the benefits. Principally, her children all now attend good institutions of learning.
In a month, Jesica reveals that she makes close to, or even more than, 200,000 Ugandan shillings from selling her farm produce, depending on the season. She is very upbeat that, with this loan, she will be in a position to improve on the mulching and gardening aspects of her farm and also increase the stock of animals on her farm which will help her increase her productivity.
In the photo, the lady with the hand up is Jesica K. and the man standing with the hand raised is one of the executive members of Karambi Tutungukye group.
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