Kyegwisa Bakyara Twimukye Group
Food businesses are all the rage in most cities in the West of Uganda. Of late, most of these food sales entrepreneurs have been driving roaring trades selling their foods to the more lucrative food markets in Central Uganda. Many people are partial to bananas and Irish potatoes from Western Uganda..
Ovia farms her land in Ibanda. She says that her monthly gross sales revenue totals to Uganda shillings 120,000.
Going by accounts from Pearl, this is the 5th time, Ovia's group is receiving a loan, and the repayment record has been good enough.
Ovia says this loan will help her purchase high grade manure for her farms.
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