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Migina Tukorere Hamwe Group
In this Group: Geoffrey, James , Eldard , Patrick, Betesi, Grace, Mauda, Mujafaru, Jonan, Anania, Aisha, Zelda, Peninah, Angella, Jadrece, Baker
Jadrece is a member of the Migina Tukorere Hamwe group and has previously borrowed twice from UGAFODE microfinance through the group. She is a married mother of two children. One of her children is seven and the other is four years old. She trades in bananas and she has been in business since 2000. She started the business with the hope of generating income to help her cater to the needs of her family.

In addition to selling bananas, Jadrece also trades cattle which gives her more income. She works ten hours a day and feels the time is enough so that she is still able to rest and plan for her business. The business is located in Migina-Kagango in the Sheema district and her clients are mainly banana traders from the same location.

Her main challenge in her business is high transport costs which reduce her profits. Her dreams for the future include buying a car which she will use for transport. She describes herself as an honest woman: an attribute she says has helped her to retain her customers.

She applied for five hundred thousand shillings to buy cattle for trade so that her business can grow and increase her profits. In the long run she will use her profits to pay school fees for her children.

Additional Information

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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About Uganda

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,504.9
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Migina Tukorere Hamwe Group's $4,200 loan helped a member to buy cattle.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015