Gaburira Bakyara Twetungure-, Ntungamo Group
Winnie has a business selling bananas from Ndoragi, from which she is able to make 50,000 UGX in weekly profits. She sells by the side of the road to various customers and has been in this business for 20 years. She is also involved in agriculture and her former business was selling used clothes.
Winnie is social and hardworking and she is grateful that a friend introduced her to this prospering business. Winnie needs a loan to be able to buy more bananas for resale.
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