Ryabatenga Twimukye Tukore Group
Amanya faces the hardships of price fluctuations, seasonal weather variations and inadequate capital to purchase drugs for the animals. His vision is to diversify his business to include cattle rearing, buying land to grow crops, and hiring employees to help him expand his business. Amanya intends to use his loan to buy drugs to vaccinate his goats and pay school fees for his children.
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