Bazira Women's Group
Madina has been a farmer all her life, having bean, sweet potato, cassava, and matooke plantations. The produce she gets she has been selling on the local market in her village.
About 5 to 6 years ago, she started up a retail shop to complement her earnings and it has been of great help for her and her family. She is so grateful for the loans given her which she mostly uses to buy high-quality seeds and fertilizers plus employing some labour on the land that that her husband left her, especially when her children are at school.
Madina has an immediate plan of buying eggs from poultry farmers for re-sale but would very much want to keep layers herself if she had the capital, as this would bring in more profit. Madina has a dream of one day being able to transport her produce to Kampala where the prices are a bit more favorable, so as to earn increased income and have savings.
Madina has been chairperson for her lending group of Bazira for 9 years and she says that all her group members are farmers, mostly growing the mairungi plant that is used as tea leaves and is a delicacy for most people in the city centres. Thanks to their fertile soil, their farming is more possible.
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