Kyandago Development B, Kihihi Group
In her home area of Kyandago, Kihihi, she has a variety of chickens, which makes her business more attractive. With this project, she has been able to capture a good share of the market from shopkeepers and hotel owners who purchase her eggs. She earns 90,000 UGX weekly and is well able to look after her family. Her main intention for taking up this loan is to help in the purchase of chicken feeds and feeding troughs and to stock more chicken. This will improve her market supply and her sales revenue.
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