Kakiika Twetungure Group
Rose is now a farmer engaged in the buying and selling of matooke (steamed green bananas). She also grows beans, maize and potatoes in order to maintain her household. At times, she sells her harvest when she has surplus in order to earn additional income.
Rose now requests a loan to buy seedlings for planting and matooke (steamed green bananas) for resale. This will give her the ability to meet her family's basic needs. She is confident that this loan will help her walk a few miles down the path toward her dream of being liberated from poverty.
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