Buloba Development Group
She has been engaged in this business undertaking for six years now. The mother of 10 says it’s a business she enjoys running, given the fact that she is able to make ends meet out of profits from it. She says this business generates an 800,000 UGX profit monthly.
The milk she sells is liked by many of her clients because Danata is known for her cleanliness and hygiene.
In the future, Danata says she wants to bear a hand in other business ventures such as running her own rental structures. Right now, however, she is fully focused and inclined to bettering her current business fortunes.
With this loan, Danata says she is going to purchase more cows so that she can get more milk to sell.
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