Bwanika Tukwatanize Group
Update on Bwanika Tukwatanize GroupEmmanuel is a member of Bwanika Tukwatanize Group. He is 49 years old, married with 6 children between the ages of 29 and 8 years, and 3 of them are in school. He sells fish as his business and generates additional income, which is used to educate his children, by raising cattle.
He needs a loan to buy more fish to increase his stock which will lead to the generation of higher income, thus increased profits. He has a number of dreams to achieve and they include buying his personal car and building a permanent house. Lack of preservation methods are a major threat to his business, as he deals in a perishable product.
Previous Loan DetailsJoseph is a 40-year-old married man with twelve children all living in a residential house in Fort Portal, Uganda. He is solely charged with the responsibility of looking after his family.
Joseph operates a boutique and has been in business for ten years now. His major challenges have been... More from Bwanika Tukwatanize Group's previous loan »
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Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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