Zepher is a tea farmer who has been plying his trade in Kihihi for seven years. This happily married father of six made a decision to engage in tea farming because most farmers in his district were doing banana farming. His reasoning not to take up banana farming was simple: With all the competition, he would be hard-pressed to establish a niche.
Back then, the market for tea was not so big. That started changing in a short spell of time as more tea-making factories opened up, meaning that tea farmers like Zepher could sell their produce more easily. Most of these factories purchased tea from farmers like Zepher in bulk. The fact that there is a ready market now for tea leaves in many urban and rural centers has helped a lot as well.
For now, Zepher remains as determined as ever to see more success come his way. The business generates him sales returns totaling up to UGX 260,000 monthy.
On the side, he also sells sweet bananas.
Zepher says he is requesting this Kiva loan to purchase more land to expand his tea farm.
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.