Agahikane Karungu Parish Group, Kyenjojo
His main drawback has been having small stock in his business that cannot match the purchasing rate of the customers. He is therefore seeking a loan that he figures will help him stock more goods that will satisfy the customers’ high demand and also transform his small enterprise into a big enterprise.
Being very committed to the business with good customer care, he hopes to increase his sales revenue. This will bring about a transformation in his business as he hopes to achieve a self-sustaining life and cater for his children’s education expenses.
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