Nyakiju Tukore C, Rukungiri Group
Jennifer has persevered in keeping the enterprise going. Her aim for this loan is to restock her farm as part of her expansion plan to transport her products to bigger markets. This will help her to increase productivity, earn more revenue and enable her to live a more sustainable life and educate all her children.
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