Kyaterekera Development Group-Mukono
Agnes is married with 2 children aged 9 and 4. They both attend school in Mukono town. Weekly her poultry sales business generates shillings 150,000 and she says with this loan, she is going to purchase more chicken feed or mash for her chickens. She belongs to Kyaterekera Development Group.
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