Mugoma Feed The Family Group A In Kyenjojo
Yosam grew up in a farming household and his first business was growing fresh foods and vegetables 20 years ago, and he still grows them to get more income. His dream is to be able to put up a big store in Kyenjojo with the help of loans. He is happy that the same loans have enabled him to buy more land for agriculture. Yosam needs this loan to buy stock produce.
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