Kinoni Twimuke Tukore Group, Ntungamo
From farming, he is able to make 120,000/= monthly while 100,000/= is what he makes from goat sales weekly. He also performs other Local Council duties since he is the Local Council Chairperson in his area. He has been in the business for eight years and hard work and being sociable have enabled him to succeed. In future, he hopes to venture into the selling cows.
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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