Kyosiga Kyokungura Group
Betty collects maize from different villages and brings it to the milling machine. She started this job in 2002 when her husband had passed away to support her family since she was the bread winner. Betty’s dream is to see her children successfully finish school and have a bright future so that they can help her out during her old age.
Her major challenge is lack of enough capital which slows down the growth of her business. Betty is very hard working, social, and honest. She will use the loan to purchase more maize and to set up a store where she can always store her produce and be able to have a constant supply. The loan will allow her to be able to earn a consistent and stable income to support her family and educate her children up to higher institutions of learning.
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