Isunga Tweimukye Group
Berna wants a loan of 200,000 to buy organic manure to spread into her banana plantation. She hopes that with the manure the quality of her plantation will improve as well as her productivity and sales. This, in turn, will increase her income which will enable her to educate her children and to have a decent living environment for the family. However, she is challenged by the limited capital as well as the bad weather that always affects agriculture.
The eleventh person standing in the back of the photo is the Ugafode credit officer
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.
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Success!! The loan was 100% repaid