Wanyange Tusubiira Women's Group
However, this high demand for charcoal has seen a surge in its price. A bag of charcoal which used to cost less than UGX 50,000 is now costing in the range of UGX 150,000-200,000. This has somewhat played into the hands of most charcoal entrepreneurs, not only in Kampala, but in places like Jinja and Mbale which are growing metropolises.
48-year-old Harriet has been engaged in a charcoal sales business for close to 25 years now. She conducts her trade in Jinja.
Harriet, who is happily married with 5 energetic kids, also earns side income from selling firewood.
She says she will use her loan to purchase more bags of charcoal to resell.
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