Kabirizi Kwetungura Group B, Kihihi
Emmanuel is into the business of tea growing in Kabirizi and he is grateful that he is able to sell his tea leaves to the Kayonza tea factory. He is able to make 280,000 shillings as monthly income.
He needs a loan to be able to expand his tea farm by planting more tea on a large piece of land. This loan will help to employ labor on the farm and to buy more tea for growing. He is a hard worker and results-oriented.
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