Ntungamo Kwetungura Group
She needs a loan to be able to buy more bogoya for resale. She usually buys in bunches and she says that it was a friend who introduced her to this business. Juliet is a social, honest and determined woman who is married with 4 children between the ages of 3 to 14 years old and her dream is to educate her children, buy a plot of land and to be able to diversify her business in the future.
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