Bwagonga Tukore Group
Update on Bwagonga Tukore GroupBonny, a member of Bwagonga group, who is a mother of five, divorced the father of her children for practicing polygamy, a decision she made after forecasting that the future of their family was at stake due to the little income they used to get.
She decided to remain a single mother so that she can raise her children well and also concentrate on agriculture. She grows crops and has a piggery, hard work and being honest elevated her from being a mere subsistence farmer to a commercial agriculturist. She has now managed to start a retail shop, which helps her to meet her day to day cash needs.
She however wants to increase the size of her yields by planting more maize and beans such that she can get a bumper harvest and adequately meet her household needs. Despite being a single mother Bonny is proud of being able to pay her children's school fees and has a plan of educating them up to higher institutions.
Previous Loan DetailsBwagoga Tukore group is located on the outskirts of Ibanda town. The group is comprised of people whose main economic activity is agriculture. Adrine is a single mother of three and a member of Bwagonga Tukore Group. She has requested a loan of 300,000 ugx to buy manure in the form of cow dung… More from Bwagonga Tukore 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