Bugolo Zibulatudde Group
This is Tausi's second time seeking a loan from Kiva. With the loan, she plans to buy more small fish to sell to her ever increasing customers. She works primarily in the Tororo district.
With the previous loan, she was able to make more profits, which enabled her to pay school fees for her children and buy a piece of land for farming. She would like to buy more land very soon. In her fish selling business, she plans to start selling the same fish to other districts. There is a lot of demand and she believes this will bring in more income. With this loan, she has plans to buy more basins of mukene for sale.
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