Byabasita Tukwatanise Group, Ibanda
Willy has been banking on this business to cater for all his family’s needs. That is a clear testimony that hard work pays. He also mentions good customer handling skills as a requisite factor that should not be glossed over if one is to fully succeed. This he says creates good rapport with his clients.
Willy has mostly been selling maize, beans, cassava and millet. His dream is to expand his business further with the acquisition of this loan. He also wants to see to it that all his children are all in good schools. With this loan, he wants to buy more crops like coffee that he will later resell, but he also wants to expand his trading activities beyond Ibanda town.
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