Busamba 11. Yahura Yohoza Tweimukye Group
Update on Busamba 11. Yahura Yohoza Tweimukye GroupJane is a 38-year-old hardworking woman living in Fort Portal, Uganda. She used her previous loan to buy general merchandise to sell. Jane has been operating a retail shop after getting start up capital from her family. Her main hardship is inadequate capital to purchase stock. However, she has a vision of diversifying her business to include farming. Jane has a personal goal of building a permanent home.
Jane intends to use this loan to buy general merchandise, such as soap and sugar, to sell. She is a member of the above-mentioned group, whose members guarantee each other in accessing a loan. Some of the members did not take out a loan but had to abide by the policy. Jane is is the third from the left in the photo.
Previous Loan DetailsJane is a thirty-eight-year-old hardworking lady living in Fort Portal, Uganda. She has a personal goal of building a permanent home and has been a retailer after getting start up capital from her family. Jane is facing the hardship of inadequate capital to purchase stock. However, she has a… More from Busamba 11. Yahura Yohoza Tweimukye Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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