Katerera Farmers Group, Bushenyi
Vasta deals in the trading of produce like coffee, cotton, beans and maize from Nyamirima. He has done this work for over 12 years and he is able to generate 550,000 UGX monthly.
He is very hard working and knowledgeable and he is happy that he was trained by a friend and his parents.
He is a credit-worthy person and his dream is to educate his children and increase his loan amount to ensure sustainable growth. He needs a loan to be able to increase stock, especially coffee and cotton.
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