Buliisa Kwegata, Mubende Group
J. has developed a strong attribute of determination that, along with his strong, hardworking attitude, has played into his hands, giving his ten-year enterprise a dependable niche. With monthly profits to the tune of 200,000 UGX, J. believes that the sky is the limit for what he intends to achieve. With this loan, he hopes to purchase fertilizers to improve his farm as well as pesticides as pests have affected crops hence reducing yields. This will improve his yields and sales revenue and enable him to live a more satisfying life.
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