Rwenshama Boda Boda Association B Group
Abert is a humorous, focused, God-fearing and good-natured dad to four cheerful kids who are all in school at present. He says he has been in this business for 13 years now. He operates in Rukungiri, in the West of Uganda.
Abert proudly speaks of how he has been able to extricate his family from its below the breadline existence with earnings from this business. This business he says was brought into existence with savings from his maiden business - farming. He says this business generates him monthly sales income to the tune of 200,000 Ugandan shillings. He intends to use this Kiva loan to purchase more pairs of shoes 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