Bakyara Tutungukye Group
As a result of of her hard work, Jesca deservedly earns 100,000 UGX per week as profits from the restaurant. She says the years she has spent in her restaurant business have been years of excellent service. Agriculture was her first business and Jesca still does it. She says she used savings from her agriculture business to begin her current business. This hardworking business lady says, with the will of God, she plans to educate her children to the high institutions of learning. And with the Kiva loan, she plans to buy more food for use at her restaurant.
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