Bwenda Bakyara Twimukye. Ibanda Group
Simon has persevered to keep the enterprise growing and his aim for making this loan is to enable him to buy mulch and manure for his plantations. He e plans to transport his products to bigger markets. This loan will help him increase his productivity and also earn more revenue to be able to live a more sustaining life. He inherited this business from his parents. He is such a devoted man that has keep the business going for all this while.
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