Twefeeko Development Group-Mukono
Wilson like many of his friends has his stage at Ngandu Trading Center. He took root in this business after a close friend gave him the idea. He was previously into fishing. At present, his business brings him weekly profits that total up to 105,000 shillings. With this loan, Wilson wants to purchase a second motorcycle. He anticipates this will help him earn more profits.
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