Kamukamu Kasambya Group
Jane is the treasurer of her group called Kamukamu Kasambya which is based in Karuguuza, Uganda. The group has been in existence for five years and now has twenty-one active members who access credit from HOFOKAM. The group members deal in activities like poultry, restaurant, retail business, clothing, butchery, selling dry foods and cereals, and bar business.
In addition to selling local brew, Jane also farms to sustain her family requirements. She intends to use the loan to buy more local brew to sell.
Note: Jane is sitted at the centre forward in the group photo.
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