Muzira Twimukye Group
Ugandan families that have been partial to the idea of coffee farming have had their chequered share of fortunes. Many Ugandans though, grumble about the fact that the for-ex that the country earns from coffee has not been trickling down to the lowest common denominators in terms of service provision.
Nonetheless, many Ugandan families have been able to extricate themselves out of their narrow circumstances, principally by selling most of their coffee harvests to the many coffee marketing unions in the country.
One of these Ugandans is 33 year old Lauben, who plys his trade in Bushenyi in the West of Uganda. Lauben says the fact that he is now able to sell his coffee to the more lucrative coffee unions in Rwanda has given his business a Substantial boost.
The lusty, buoyant and hard working father has 5 years experience in this trade. Weekly he says his sales returns total up to Ugandan shillings 60,000. He says he intends to utilize his loan to purchase more coffee seedlings to plant.
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.
222View loans »
Success!! The loan was 100% repaid