Zibulatudde Development Grp Group
His main challenges include price fluctuations and transport hardships from the village to other market areas like Kampala. He would like to expand his business to get more income to support his children and meet their school-fee requirements. He is grateful to the group because through it, he has received connections and a market. He is very hardworking and encourages youth not to overlook farming, because even through it, one can get rich.
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