Nyakiju Tukore B, Rukungiri Group
She has been doing this for 10 years and has been able to earn 185,000 Ugandan shillings a month. As a housewife she has been able to improve her family's situation by lifting their standard of living and educating her children. With this loan she is looking forward to purchasing ghee from fellow farmers to resell. This will earn her more 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