Twekembe Kabungo Namutamba Group
Resty principally sells maize and beans. A pep talk from her brother was all she needed to set forth in this business. What plays in the favour of her business is the fact that she gets most of the crops she sells from her farm. This cuts down on the cost of operating her business. Thus far, she is basking in the glow of better sales revenue as clients increase.
Resty says her longevity has not come easy. She has had to work hard to obtain a robust enough niche on the food market in Mityana. Weekly this business's profits add up to shillings 25,000.
Resty has a small pig husbandry business that she also runs. This loan, she says, will help her purchase different foods that she does not normally sell like rice, sorghum, millet, cassava, bananas, etc 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