Katenga Turibamwe Group
She trades in goats and coffee, with an additional income from decorations. She began her business in 2003, and it is located in a trading centre of a rural area. Most of her clients are located around the coffee factory.
She hopes to build a family house to accommodate her children and dependants in a more descent housing. Though she faces a problem of fluctuation of prices, she is involved in many businesses and is very hard working.She hope the group will pay diligently to uphold the partnership and she thanks Kiva lenders for the interest they took in their businesses.
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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Success!! The loan was 100% repaid