Budondo Development Association-Jinja Group
The poultry business that 56-year-old B. Feibe runs could be bringing her more profits if she were operating in an urban setting. Chicken is a highly favored delicacy in urban areas in Uganda. Despite this fact she has to find a way to make ends meet. While $22 may be minimal for this married mother of 13, she knows she has her responsibilities cut out for her, bearing in mind the many children she has.
She began this business after she got apprentice training from the national agricultural advisory service people in her rural area. She initially began with farming. She still runs her farm. With this loan, Feibe says she wants to buy more layer chickens for her business. In the course of time she says she will resell so that she can increase her profit margins.
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