Engari Nyekundire Group
Lillian is a single mother who lost her husband in 2009 after her husband died in a car accident. She has six children and also takes care of her brother's two children because their father failed to provide for their basic needs.
Lillian runs a small retail shop with capital of UGX 100,000. She also deals in poultry farming which she also operates on a small scale.
She intends to use the loan money to buy some poultry that she will raise and she hopes to sell them during the festive season. She will use the rest of the money to add stock in her retail shop and the balance to pay school fees for her children.
Lillian's customers are neighbors and restaurant owners in town. Her main challenges are theft around the village and wild animals which attack them after she has invested the loan money which affects her cash flow. Despite all the challenges, Lillian is very hard-working and determined.
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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