Maria is 36 years old, and is married with five children ages 15,13,11, 9, and 1 years old. Four of her children attend school and her husband pays their tuition. She is the woman standing at the far left in the first row of the photograph. Maria has worked as a farmer for the last 15 years, which is her major source of income supporting her family. She also operates a small retail shop at home to add to her earnings.
Maria has applied for a loan of 600,000 Ugandan shillings for her farming activities, which she will use to buy mulch for her banana plantation and pay workers to plow it. Maria's dream is to buy a motorcycle to help carry manure to the banana plantation and to transport her children to school.
Her major challenges are limited capital, the bad weather that affects local agriculture, and price fluctuations in the market. Maria thanks Kiva for being their savior in a time of need.
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.