Katungamo Women's Voice Group
His main drawbacks include bad weather conditions and drought, which reduce the rate of production in terms of milk since animals lack water and grass to feed on, and also fluctuating prices. With this loan, he is looking forward to purchasing more cattle to fatten and sell off at profit.
Vincent is very optimistic about getting more harvests and more sales revenue and thus be able to look after his family and pay for his children’s education.
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