Rwenkuba Bakyara Tukore Group-Rukungiri
She has been engaged in a retail shop business in Katerera-Rukungiri for eight years. She says she used savings from her farming business to set forth in this business.
To stay relevant and afloat in this business, she has had to summon up a lot of unwavering determination, perseverance and diligence. Weekly, this business generates her 70,000 shillings. With this loan, she says she is going to purchase more retail commodities to resell.
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