Kitimbwa Twegatte Group, Kayunga
Kayunga is a vantage place for doing great business, especially if you are focused. Johnson has come to terms with that fact as he plies his business. As a manifestation of his good business fortune, all his three children, plus three dependents, are in well-to-do schools around Kayunga.
In a month, Johnson makes profits totaling up to 250,000 shillings and his future plans are to open up his own big shopping mall in Kayunga Town. The first step to making his dreams come to fruition is through the acquisition of this loan. He carries conviction that with this loan, he is going to be empowered to strengthen his boutique business. He is looking at purchasing new textile material for making clothes and also buying clothes that he hopes he will resell.
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