Tusooka Kwavula Women's Group
Joseph, a father of three, says that the key to his success is his ability to sell foods that his customers enjoy. Many of his customers are partial to foods such as bananas, cassava, beans, rice and green vegetables. With his business firmly established and getting stronger all the time, Joseph says he is intent on owing this business for the long-term. He says being ahead of the pack is what he wants.
He also has a second business: rentals. Weekly, he says the gross sales income from his business is 50,000 UGX. This loan, Joseph says, is to purchase better furniture like chairs and tables.
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