Zinunula Development Group-Mpigi
This cheerful and sturdy father of five says he has been able to live within his means with an income of $14 a week. While the idea of getting back into full scale farming is alluring, he says he is comfortable doing it on a small scale just now.
He considers himself somebody who likes to create a relaxed and pleasant atmosphere around other people. He says that attribute has been his strength in attracting customers.
With this loan, he is looking at diversifying into poultry. He says with this money he is going to buy chickens to 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