Kiburara Tweheyo Group
To open better horizons for her business, her stocks in trade have been diligence, determination, good human relationship skills and prayer. She says she has been able to make strides in terms of better profits and the provision of better welfare for her family because of this business.
Mary says her future plans are for the expansion of her farming gardens where she has for the most part been planting, harvesting, and selling bananas, cassava, cabbages, beans, rice and pumpkins. Weekly she says this business generates shillings 50,000 as profit. She says with this loan she is going to pay school fees for her kids.
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