Kasenyi United Group
Widowed with 4 children, none of whom are at school, she engages in the business of locally brewing beer (waragi). She works every day throughout the week. She is also a fish monger who buys fish from fishermen and sells to the people neighboring the lake, as well as others.
She started the business in 2002. It is located in Kasenyi, a landing site in Kasese western Uganda. She was troubled with lack of capital and her search for sources of finance to expand her business landed her in a group funded by Ugafode and she has never looked back since.
She will use the money to buy more locally brewed beers for selling. Her clients are people around the lake shores of Kasenyi, especially the fish mongers. She hopes to be a prosperous business lady in the future. She faces the challenges of price fluctuations, and sometimes some people take on credit and fail to pay. She is an honest and hardworking person.
In the above photo, Kabira is the lady in the front row with a black top.
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.
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