Mugoma Feed The Family Group, Kyenjojo
John has operated a retail shop in Mugoma trading centre for seven years. It started as a small shop with poor transport means to the main city where he buys his stock. He is able to make 30,000/= as weekly profits and this helps him in taking care of his family, mostly his children’s school fees.
John has good customer care skills and this has tremendously improved his business expansion and increased his profit margin for self-sustainability. John sells general merchandise and he needs a loan to be able to buy more goods to increase his stock.
John appears in the small photo and also in the group photo. He is such a hardworking and devoted man.
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