Yesu Yakola Group
Janat is a single mother of four children aged 17, 15, 13 and 7 years, of whom only two go school. She is a 'matooke' (green banana) seller, a business which she started in 2012.
She does this activity along a busy road and her clients come from Kyotera town and those traveling out of the town. She started the business so as to boost her income base. The challenge with her business is transport especially during the rainy season where the roads are slippery and impassable.
Janat wants to buy herself a plot of land and build a residential house.
More information about this loan
This loan is part of UGAFODE”s Micro Mortgage Loan program. Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation. By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements. UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.
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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