Kihayura Twekambe Group
Update on Kihayura Twekambe GroupPaulina is 60 years old. She has eight children, including two who are still at school.She is a peasant farmer who grows mainly cassava, maize, beans and ground nuts for both home consumption and commercial purposes so as to raise money for paying school fees.
Paulina was funded with a loan of ugx.200,000 UGX in the previous cycle which helped her to pay school fees for her children for that term and the balance was used for planting maize. Paulina has now approached Ugafode requesting a loan of ugx.300,000 UGX to help her buy seedlings of maize and ground nuts that she will plant during this rainy season. She intends to use the returns of the harvest to pay tuition for her children.
Her dream is to see the children complete university, however her challenge is the limited capital used in agriculture which is not yielding enough to pay school fees and other household expenses. She is a hard working lady but is hindered by those challenges.
(Paulina just like Yoweri acquired a loan during the previous cycle, however we have decided to interview Paulina not Yoweri this cycle for purposes of diversity since there are many members in the group.)
Previous Loan DetailsStory given by Yoweri, standing on the extreme left, with a bag. Yoweri is a married man, age 45, who has four children. All of them are school going. He is a produce dealer (maize and beans). He does both the growing and selling. He started this in 2007, in order to increase the family income… More from Kihayura Twekambe Group's previous loan »
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.
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