Agahikane Karungu Parish Group
With a supportive and enterprising wife by his side and his seven children who have embraced the virtues of diligence, the sky is the only limit for his family.
Wilberforce's shop is a general merchandise retail outlet and on array are loads of items, including sugar, soap, plastics, rice, beans, salt, and many others. This means most of his clients have a variety to choose from. Weekly his sales returns add up to UGX, 40,000.
On the side, Wilberforce also ekes out additional income from farming.
He intends to use his Kiva loan to purchase more retail stock to resell. Commodities like sugar, salt and maize flour are high on his shopping list.
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