Kyabagyenyi Tukwatanise Group-Ibanda
Having inherited some cows from his father, he feels it worthwhile to go ahead and purchase more cows and restock the farm. Therefore he is very hopeful that this loan will help him buy a cow for farm expansion. This will earn him more sales revenue from the agricultural produce. He belongs to 'Kyabagyenyi Tukwatanise' group of Ibanda.
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