Kangulumira Aids Services Group
S. John, 25 years old, makes 40,000 UGX per day from his business selling fruits and vegetables, primarily pineapples, jackfruits and passion fruits. For the past year, he has exhibited an enterprising and hardworking ethic that most young people of his age lack. He has won his laurels from his community of Kiwalasi-Kayunga, as the community leaders keep on saying that his example is one to be emulated by all young people. He is still a bachelor and has no children. With this in mind, he can look forward to a bright future. He is planning to purchase more fruits and vegetables in bulk with this loan.
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