She is married with four children, all of them at school. Her husband was working with government but ran mad and left all the children and wife helpless; this forced her to start a small-scale business of trading in coffee and produce with the purpose of helping the children and the other two orphans she takes care of who lost their parents.
She works daily for eight hours. She also does farming apart from the business she started in 2004. She serves the rural population around her home.
Rovina is going to use the loan money for buying beans and coffee for selling. Her hopes are in the future of her children, for whom she labors much to see that they are educated. Her major challenge is getting school fees for her children, given her meager incomes from the business. She hopes that the bank will continue financing her business because it’s her only source of supporting the business.
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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