Bwenda Katukore Group, Ibanda
With a strong work ethic and ready market, the 42 year old married and cheerful mother of 6 children has kept her business on a steady growth. In a month, she makes 160,000 Ugandan shillings. Her business is gaining ground over these years and has meant that her family has benefited. Her business plan of action for the future is to be able to sell more bananas to an increasingly expanding market as she envisages purchasing manure for her plantation for better production.
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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