Murazagye Twekore Group
The happily married father of five was before this business doing some modest farming. He was also a student.
David is a hard-working gentleman who looks destined to go far in his business venture. His sales profits are to the tune of 100,000 UGX weekly.
He says with this loan, he is going to buy manure and fertilizers for his banana farming gardens. He anticipates an improvement in his banana yields and at length he reckons he will be able to make more sales profits.
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