Kamukamu Women's Group - Kyenjojo
For now, she is held back by poor yields and therefore, she is seeking a loan that will help her buy fertilizers for her to improve the quality of her land and her yields. This will, in the long run, help her get more sales revenue out of selling her tea leaves and she says she will be able to pay tuition fees for her university-going children. Kamukamu is the group she belongs to.
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