Katwende Women's Group
Aidah’s enrollment in the group was a result of a series of hardships she had undergone as a semi-illiterate business person, among which was starting multiple businesses which would close in less than a year. This frustrated all her efforts, and she decided to sit at home as a housewife for over two years. Later on, she almost lost her firstborn to malaria, due to lack of money to take her to the hospital, hadn’t it been for a friend from said group who gave her money.
Aidah joined the group, which she says taught her how to run a business in addition to providing seed capital of Sh.(UGX) 50,000 to start a roadside fruit grocery. Aidah says that her allegiance to the group earned her a wealth of knowledge. This included sourcing for organic fruits, which are highly demanded, making crafts, crocheting and growing vegetables.
This greatly changed her life, as she now has multiple sources of income with a steady funding source from the group to enable her to manage her home business and meet the needs of her family, even in times when her husband is jobless.The eleventh member in the group photo did not want credit this cycle, however she is saving with the group and also signed the waiver form.
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.
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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