Kyabugimbi Tweyambe Group
The happily married father of four says he has stood firm in the face of financial adversity and has invariably taken stock of his business operations with a long-term view of making it last.
Before he started laying great store on this business, Moses was engaged in agriculture and was also teaching.
In a year's time, he has made significant progress. He says this business generates him 40,000 UGX weekly as profit. He says with this loan he is going to purchase more retail commodities 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