Kisa Kya Mukama Wamala Group
Update on Kisa Kya Mukama Wamala GroupMary is a 56-year-old widow living in rural Wakiso, around 30 kilometres away from the city. She is a farmer who fends for her family and pays the tuition of her children. Mary is so hard working that she has even managed to build a permanent house for her children. She recently bought plastic chairs that are rented for small functions with the help of the loan from UGAFODE the previous cycle. She hopes to buy many more chairs so that she can earn more from them.
She wants the loan to buy maize seeds and hire labourers for planting them during this time when it is raining. She encourages fellow women to be innovative and not to under look their potential because all things are possible. Phillip, another group member, makes mats out of papyrus. His main challenge is the cold weather which prevents them from drying and in turn produces poor quality mats. He hopes to diversify to agriculture if he gets funds. The group members are grateful for the partnership UGAFODE has developed with them.
Previous Loan DetailsThe Kisa Kya Mukama group is located in rural Entebbe and is mostly comprised of agriculturalists. After hearing an advertisement on the radio, group members were interested in loans to improve their agriculture production. Members knew they could not meet their goals independently and chose to… More from Kisa Kya Mukama Wamala Group's previous loan »
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.
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
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