Kitondo United Farmers, Ntungamo Group
She is so fond of her enterprise, thus is always able to earn 1,500,000 Ugandan shillings (about $682) monthly through doing her daily business transactions both inside and outside Uganda, like transporting her goods to Rwanda.
This loan is to help her purchase chicken feeds and, furthermore, to expand the project to a large scale. This will help to improve Constance’s yields and production, thus leading to an increase in sales revenue, which will enable her to enjoy a self-sustainable livelihood.
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