Nyakahanga Tukore Group
The married father of five operates his business in Ntungamo food market. Francis says he has greatly achieved in the five years he has manned this business. He is not only hardworking but also a social man and this has attracted many people to particularly run for his beans and peas. Francis always thinks in terms of development, which is why he is also involved in agriculture as his other source of income.
With the Kiva loan he plans to buy more foods like beans and peas to 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