Kizaara Twihaneyo Group, Ntungamo
Edson is able to make 60,000/= profit a week although he has business challenges like low capital and little market for his tomatoes. Edson knows how to treat his customers well and he would like to expand his business further and sell tomatoes wholesale instead of retail. He also hopes his children get the best education for self sustainability. Edson needs a loan to be able to purchase more foodstuffs and seeds to grow tomatoes and maize. Edson is a friendly and hardworking man with a strong drive to succeed.
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