Mukama Yemubeezi Kisunku Group
Cate started her business running a local brewery and rearing pigs in 1990. She brews once a week. Cate began her business to earn school fees for her children because she could not wholly depend on her husband. Her clients are individuals and retailers in her home village. Cate's business challenges include lack of capital, scarce firewood and labor, and poor access to markets.
Cate is requesting a loan to buy more drums, pipes, funnels and jerrycans for her local brew business.
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