Kanyogoga Twetungure Group
Before he embarked on this business venture, Henry was fully engaged in that common business that preoccupies most people in Western Uganda: farming. Henry also raised pigs. Weekly, he says his business generates for him 100,000 shillings in sales profit. With this loan, Henry says he is going to purchase more drugs to resell.
Henry is affiliated with the Kanyogoga Twetungure Group.
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