Nyamabare Tweyimukye Group, Bushenyi
With his monthly savings, he has managed to diversify his small business where he is involved in coffee, beans, bananas, and livestock sales, especially goats. This has, however, not come the easy way as he has had to grapple with many adversities such as small livestock. He is looking forward to purchasing more goats on the farm for fattening. With this loan, he hopes to implement the aforementioned as he looks forward to improving the household income.
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