Kahuna Tweimukye Group
She is a fifty-year-old hardworking woman with nine children living in Fort Portal, Uganda. She operates a retail shop and she started the business in order to supplement her tea plantation which is seasonal.
Unpredictable weather changes and bad debtors pose a challenge to her business excellence while her plan is to own a wholesale shop. Florence intends to use the loan facility to buy sugar, salt, soap, match boxes and cooking oil to sell.
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