Mugyera Aids Care Group, Bushenyi
Due to his hard work and determination, Daniel has been able to run this business and it earns him 200,000 Ugandan shillings monthly. With this loan, he is looking forward to restocking his business with more maize and beans which will make him profitable in the market.
Daniel envisions expanding his business into wholesale and this will attract many customers to his shop. Earning more revenue and making the business expand is his main motive in this case so as to live a self-sustaining life as he looks at educating his children.
Daniel belongs to Mugyera Aids Care group, Bushenyi.
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