Kayanja Tusitukirewamu Seed Pjt Group
Charles is a married man aged 49, he lives with his family in a rural area with 14 children, 12 of whom still attend school. He is a farmer who grows matooke, maize and passion fruit. He is also a salary earner.
He works 6 days a week and for 8 hours each day. He started his farming business in 1995 with the purpose of improving the family’s income. He wants this loan to pay for the workers on the farm. His clients are people from the surrounding villages and those from the city.
He hopes that he can enlarge his business and he also wants to improve on his family’s standard of living. The challenges he faces are pests and diseases which attack the crops and fluctuation of prices. He describes himself as hardworking.
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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Success!! The loan was 100% repaid