Bakyara Twekambe Group C, Ibanda
Issa is grateful that for the 12 years that he has been in business, he has been able to take good care of his family due to the experience he gained from working with his uncle that helped him improve and grow his business. Issa needs a loan to be able to buy cows and goats for meat and sale.
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