Rukarara Farmers Group
Flora knows she still has a lot of ground to make up and she is not about to let complacency creep in. She has a focused and strong-willed sense of purpose that bodes well for her business. The foods Flora sells - rice, maize and beans - sell handsomely in the food markets in most of western Uganda. She is able to earn 200,000 UGX as monthly gross sales profits. Flora is also a headmistress in one of the schools in her area. Flora intends to use this Kiva loan to purchase more highly favored foods such as rice, beans, maize, sorghum, millet, etc. to resell.
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