Kashebeya K Tukorerehamwe Group A
Amos has been riding high on success for the past 15 years. Along the way, notwithstanding, he has had to grapple with the inevitable hurdles that come with running any kind of business. He was mostly hard pressed in consolidating his finances in his business's fledgling years. This, in a way, meant stagnation in his activity. He had less farm inputs like harvest baskets, hoes for weeding, etc. He was also hard pressed in purchasing better manure for his farms. In the face of all this, his philosophy was to remain upbeat and hope for the best.
Amos says he set forth in his business with savings from his coffee sales enterprise. He plys his business in Kihihi, in the West of Uganda. He has not dispensed with the coffee sales business, however. Amos says, though, that he has much more leeway to make up. Where he has gotten so far is encouraging. He plans on buying more land to expand his tea farming business.
Monthly this business's gross profits total up to Uganda shillings 250,000. Amos says he intends to utilize this Kiva Loan to purchase high grade manure for his farm.
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