Kashangura Tukore, Ibanda Group
This married mother of seven lively children has worked hard to get herself where she is today. Her long track record in this business also means she has a strong customer base that she has been banking on. She has faced challenges like the continual threat of pests that have incessantly played havoc with her crops. But being the strong-willed woman that she is, she has fought hard to overcome them.
With this loan, Clare wants to purchase more produce like beans, cassava and millet that she will later resell to her clients.
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