Katanda Tukwatanise Group, Bushenyi
For four years now, Evasi has sold produce from Katerera trading centre and this includes beans, maize, peas, groundnuts (peanuts) and so on. Although her business profits keep on fluctuating because of the seasonal changes affecting the agricultural sector, she is able to make 150,000/= as monthly profits on average. She attributes her success and business continuity to her good customer care and to the loans.
Evasi would like to expand her business to wholesale as well as educate all her children to university level. She needs a loan to help with buying more produce to sell at a profit and this will increase her business stock and general turnover.
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