This group is comprised of men and women who are typical farmers located outside the city on route to the western part of the country. Rovinsa, a divorcee, joined the group because she could not get far on her own and therefore needed external help in the form of a loan. After the divorce, the husband neglected her and the children whom she has to single handedly provide for all their needs.
Rovinsa makes bricks to supplement her meager income. Her main challenges are unpredictable weather changes and an unstable market. She will use part of the loan to buy a piece of land to enlarge the farming area and the remaining balance to clear tuition arrears for her children.
To be able to fend for seven children and a dependent takes hard work and determination, which Rovinsa has totally embraced and so have all the group members.
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.
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.