Kanoni Tweyambe Group A-Kihihi
Annet, who is happily married with 6 kids, has been engaged in overseeing a tea production and sales business for the last 7 years. Through the course of these years, she has been making her own decisions on how to run her business without any help. Tea is among the highest selling cash crops in Uganda, and Annet says she has never regretted the decision she took to begin this business. At her farm, she does not just grow tea but also bananas that she also sells after harvesting.
Monthly, she says this business generates her shillings 260,000, and she says with this loan she is going to purchase fertilizers and manure to improve her yields and the fertility of her tea farm. Annet belongs to Kanoni Tweyambe group-Kihihi.
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