Rwenyonyozi Tukore Group
Carolina has mostly been selling bananas, beans, rice, cabbage, and ground nuts. She says her monthly sales revenue is 60,000 shillings and she says with this Kiva loan, she is going to purchase more beans, rice, ground nuts, and cabbage seeds to plant. She thinks this will increase her harvest after the crops mature. She also envisions better sales profits in the future with increased sales.
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