Rwashamaire Bakyara Twimukye Group B
Most entrepreneurs, however, go to great lengths to enforce growth in their business undertakings. One such Ugandan is an assiduous and good humored mother of two who goes by the name of Rosette. She operates her food sales and small farming businesses in Ntungamo, in the West of Uganda. She principally grows and sells bananas and sells her food in one of the biggest food markets in the aforementioned district.
Rosette is a teacher by profession and she sees her engagement in the food sales trade as a means of enhancing her income. Needless to say, most teachers in Uganda get low remuneration. This, in most cases, means that most make-do with the help of a side business. Weekly, Rosetta's gross sales income totals up to 120,000 Uganda shillings.
Rosette intends to use this Kiva loan to purchase more high grade manure for her banana farm. She anticipates better yields thereafter, which will mean better profits.
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