Setuka Wobadde Development-Mityana Group
For K. Eron, it’s mostly advice from her parents that put that spring in her early stride 30 years-ago as she took root in her coffee and banana selling business in Mityana market. With this kind of longevity, one would not be wrong to accord her respect. 100,000 shillings is what she makes in a week from of her business and with this loan she reckons she will be able to buy more coffee and bananas to sell. She also says she will use some of the proceeds to venture into pig husbandry. Her group is Setuka Wobadde.
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