Ntungamo Bakyara Tuhirirwe Group
This determined woman, with a temperament for work, also participates in agriculture particularly in banana growing and her goal in future is to open up a modern restaurant within the guest house to sell her bananas since she has a ready market. With the Kiva loan, Ruth intends to expand and modernize her banana plantation by mulching and applying fertilisers for better yields.
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