Kigarama Kwehayo Group
She has brought to bear unwavering diligence and a strong sense of determination through the 20 years. This, in many respects, unravels her longevity. Monthly, this business generates her sales profits totaling to UGX 200,000.
She says she intends to use her Kiva loan to purchase high-grade manure for her farms, and the rest of the loan money will be used in the hiring of new labor.
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