Kibaya Tutungukye Group A
This self-starter's reckoning is that he will be able to herald a new beginning in his business transactions after he gets this Kiva loan. The fact that he gets along with different personalities and has built robust rapport and working relationships with many people has also, in many respects, been paying dividends. He says if he was like any other run-of-the-mill food sales businessman, he would probably not be able to deal with the demands that come with operating this highly competitive enterprise.
From the threshold, he laid out a blueprint plan aimed at painstakingly organizing his finances, inventory and schedules. These have all been mileage to his business. The happy-go-lucky father of 2 sells principally coffee, bananas and cassava.
It's been only 3 years, but Lawrence's optimism has never been any sky-higher. He is no longer a nodding acquaintance when it comes to proficiently running a business. For a person with no prior business experience, this is impressive.
Lawrence says his weekly sales profits are to the tune of 100,000 Ugandan shillings. This is the second time Lawrence's group is receiving a loan from Pearl Microfinance. The repayment schedule shows a good record.
Lawrence says he intends to utilize this Kiva loan to purchase more bags of coffee and bananas 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