Bakyara Twekambe Group B, Ibanda
Before starting her business, she sold her 10 goats and got an additional 100,000 UGX from her father. She is also involved in the rearing of chickens. Being hard working has enabled her to succeed. She hopes for an educated family and expanded business and at the moment, she needs a loan to be able to purchase more grocery products.
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