Twesiga Mukama Group
Update on Twesiga Mukama GroupIn the previous loan, one member of the group, Alex, was able to buy food items for her food stall. She also paid school fees for her children, who have now got holidays. She re-sold the food items and gained some profit. She is now getting 800,000ugx to buy coffee from the village at a cheaper price. She brings it to town to sell at a higher price to supplement her already constrained income. She is confident that with the partnership of Ugafode, her goals will soon be achieved.
Now Rose, Alex's neighbor at the business premise, has been attracted to the group because of the change that occurred to Alex's business, and family.
Having seen Alex's business expand, and the influx of customers because of the better services she now offers, Rose was convinced the group had done a great change for Alex, and Rose decided to join. She will use the 300,000 ugx to buy better utencils for her restaurant so she can attract more customers.
Her major challenge has been limited capital. Rose is shrewd and honest. She lives in a poorly structured house and hopes, that if lenders finance her, she could build a better house in the future.
Previous Loan DetailsAlex is a member of Twesiga Mukama group, literally translated "a group that trusts in God" which is comprised of 17 members who live in one of the city slums. Most of the women are single mothers and their main objective is to sensitize the community so that each member can find an income-genera... More from Twesiga Mukama Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
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Success!! The loan was 100% repaid