Basooka Kwavula Kisuula Group
Jesca is a member of Basooka Kwavula Kisuula group, which has eight members comprised of five women and three men. She has been in this group from the beginning and this is her third cycle where she has so far acquired loans of UGX.300,000, 400,000 and 600,000 respectively. She will use this particular loan to buy organic fertilizers for her coffee plants. She hopes it will be able to increase her yields. She is a farmer who deals in agriculture, specifically coffee growing. She supplements her income with baking cakes, which she sells in nearby markets. She sells her products to people in rural settings. She has been in these businesses since 1990. She started these businesses with the aim of getting income so that she could pay school fees and take care of other family expenses, since her husband had an accident and can no longer work. Her dream is to educate her four children to higher levels of education.
Her greatest challenge is lack of enough capital to finance her businesses. She describes herself as a hard working lady.
More information about this loan
This loan is part of UGAFODE's green loan program, giving Ugandan farmers the support they need to grow and process organic fruits and vegetables. Funds will be used to obtain critical resources like processing equipment, mulch and organic seedlings to reduce waste water contamination and improve consumer health. The green loan program also helps clients combat regional problems like deforestation and over-fishing.
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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