Rutooma Women Group
She has been dealing in a retail shop and has a banana plantation to add to her income.
She has requested the loan to continue educating her children and to buy insecticides for her banana plantation. She took a loan of UGX 500,000 to help her to top up on school fees and buy some insecticide.
Her major challenge is banana wilts, which destroy her plantation, and the competition in retail is stiff, so it does not yield much in terms of income to sustain the family needs.
Her major dream is to restore back her banana plantation, which is almost getting finished due to wilt, by pruning and planting fresh wilt-free bananas.
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