Akutwala Ekiro Development Group-Mityana
Subsistence farming was her first major preoccupation. Though she still holds it in high value, she says selling the crops that she harvests is a better and worthwhile business proposition. Her business accrues 45,000 shillings weekly. With this loan, she wants to buy in bulk more cash crops for resale. She belongs to the Akutwala Ekiro Group-Mityana.
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