Kicwamba Tukore Group
David is able to make 180,000 per month in profit, in addition to the selling bananas. He was inspired to start his business by his family members over nine years ago, and he needs a loan to buy timber for his carpentry workshop. His dream is to move his carpentry workshop to the town center of Ruhinda.
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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