Sylvia is a member of the Kasese Twegase Group. She is 28 years old and has a five-year-old child. Her major source of income is her banana plantation. She also has a motorcycle, which she uses to get additional income. Sylvia wants this loan to buy manure for her plantation. She sells her bananas to traders from Lyantonde town, and she has been in the business since 2007. Her dream is to afford to send her child, and later children, to school. Her major challenge is the bad roads, which make it difficult for her to transport her bananas to the traders.
More information about this loan
This loan is part of UGAFODE's green loan program, giving Ugandan farmers the support they need to grow and process organic fruits and vegetables. Funds will be used to obtain critical resources like processing equipment, mulch and organic seedlings to reduce waste water contamination and improve consumer health. The green loan program also helps clients combat regional problems like deforestation and over-fishing.
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.