Kanyerere Ii Kyamwasha Bakyara Basheija Group
Smith says being a farmer has come in really handy especially during times when there is a food crisis in Uganda. He says demand for his crops increases and as such he is able to make more sales profit. With this loan, Smith says he is going to purchase high-grade manure for his farming and gardens. He anticipates a betterment in his crop yields with the passage of time.
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