Nanziga Kwagalana Group-Mpigi
With this line of business combined with his mondus operandi, he has made progress by leaps and bounds. A business that started off small is now grown, principally due to the stable and reliable price of coffee on the local market.
Patrick also does farming and animal husbandry. In a month, he makes 450,000 shillings. This married father of eight likes to describe himself as God-fearing and diligent. With this loan, he wants to purchase more coffee for resale and also pay his farm laborers.
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