Nshoko Kwekamba Group
Jackson, who is happily married with 6 lively kids, plies his trade in Bushenyi. His business took root 6 years ago. In those 6 years, he has strengthened his insight on how to run a business proficiently. Jackson says his goat sales trade is much more profitable than his local gin business, but he runs them concurrently and does not have any regrets.
On the side, Jackson also subsists on income from a modest farming business. Weekly, he says his sales income from his goat sales trade is in the sum of 100,000 Ugandan shillings. "It could be more if I had more goats," he notes.
Jackson says with this Kiva loan, he will begin with a clean slate. He plans on purchasing more goats to resell. He also plans on purchasing molasses to make more local gin.
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