Ncucumo Twimukye Group
Update on Ncucumo Twimukye GroupBeatrice has acquired a loan of 500,000 Ugandan Shillings (UGX). She is 32-years-old and is married with four children, all of school-going age.
Beatrice is part of a group called Ncucumo Twimukye. She is in her third loan cycle and works in agriculture growing bananas which she uses to feed her family. Beatrice also sells some of the bananas to generate income to pay tuition for her children.
Beatrice will use this particular loan to buy organic manure in the form of cow dung, which she will spread in her plantation. This will improve the size of her bananas and also the quality of the plantation, helping to increase her income. She is grateful to her group for being supportive and thanks Kiva for partnering with them.
Beatrice hopes to expand her business. One challenge is banana wilt, which has affected production. Beatrice is a hardworking and honest lady.
In the photo are the group members. The tenth member is resting this cycle but he has signed the waiver form. The UGAFODE credit officer is standing at the extreme right in a tie.
Previous Loan DetailsAllen is a farmer in rural Bushenyi. She works in both animal rearing and crop growing. She will use her loan to buy organic manure that she will spread into her banana plantation, for improved yield. She is confident that, with the improved yield, she will be able to repay her loan and also meet... More from Ncucumo Twimukye 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