Mukama Mwesigwa Group
Update on Mukama Mwesigwa GroupSarah is married and has seven children in addition to three orphans who are dependents. She works in a catering business and also sells used clothing to supplement her income. Sarah is the group treasurer of the UGAFODE Group. She and her husband have been members since 2000, and she testifies that it is the best thing that has happened to their family as their children have been able to go to school and their businesses have had a continuous flow of capital. Sarah has been able to move her business to a busier street where she has a constant flow of customers. According to her fellow group members, Sarah is an honest and determined lady. UGAFODE members believe in each other and are cohesive. They stand in the gap for each other and help members to develop.
Sarah is requesting a loan to buy utensils and food items for her catering business. Her dream is to educate all her children and dependants and build a house which will accommodate her family adequately. Sarah is seated behind in the right corner.
Previous Loan DetailsMukama Mwesigwa is one of the institution's oldest groups. From the loans, the group members have accumulated many assets, like motor vehicles and motorcycles, and have built homes. The group's treasurer revealed that the UGAFODE loans have just been a blessing to their businesses and families, w... More from Mukama Mwesigwa 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
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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Feb 11, 2013
- Apr 1, 2013
- Currency Exchange Loss:
- Sep 20, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.