Masheruka Siimuka Coffee Group, Bushenyi
Evangelista has been plying this trade for the last fifteen years and she credits her choice to sell dry coffee as her winning formula. In a month, she is able to make 25,000 Ugandan shillings, a figure which has not substantially consolidated her business.
Evangelista’s future plan is to plant her own coffee, whereupon she will be in a position to sell at a higher price. Longer term, she also hopes she will be able to educate all of her five children.
Evangelista needs a loan to be able to mulch her coffee plantations, since this improves the stock and general turnover.
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.
361View loans »
Success!! The loan was 100% repaid