Kanyansande Turibamwe Group
Dezi has been selling a local brew for thirty years. He started with one jerrycan and now brews ten jerrycans a month. Each is sold for 60000 shillings.
His hardship is finding and buying ingredients to make his brew, especially bananas. Dezi's vision is to own a big bar in his village and to educate his children. Dezi needs the loan to buy bananas for brewing alcohol.
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