Bwanda Bakyara Kwetungura Group
A decade's experience in this business has taught her much about the unpredictable nature of doing business. She says unwavering hard work, proper planning, perseverance and moral support, especially from close family, have contributed a lot to her success. Monthly, she says her gross sales profits total up to 200,000 Ugandan shillings. She says, with this Kiva loan, she intends to purchase more goats 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