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Joint Effort For Rural Dev't Group
In this Group: Yovito, Paul, Zipora , Tomasi, Teddy , Jane, Kaitengo, David, Sarah, Caleb, Ann, Jocus, Paul, Paul, William, Zoromin, Ketty, Patrick, Mary, Monday, Wilfred, Eric , Balensiya, Abudu, Esther, Beatrice, Grace , Bibinwa, Robinah

Update on Joint Effort For Rural Dev't Group

Jane is a member of the 'Joint Effort for Rural Development Group'. She is a hardworking lady living in Fort Portal,Uganda. Her main business is farming and crop growing, alongside running a retail shop in order to boost her income. Jane is facing challenges of limited capital and seasonal changes; however, she has a vision of educating her children to higher levels.

Jane has applied for a loan to buy garlic and onions for growing. She is in a group whereby each member guarantees the other to repay their loan.

Previous Loan Details

Yeremiya is a member of the above-mentioned group, in which each one guarantees the other in accessing a loan. He is a very hardworking man living in Fort Portal, Uganda, who is actively involved in agriculture. He also operates a retail shop in order to meet his family's basic needs, since farm... More from Joint Effort For Rural Dev't Group's previous loan »

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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.

About Uganda

  • $1,500
    Average annual income
  • 284
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Joint Effort For Rural Dev't Group's $3,725 loan helped a member to buy garlic and onions for growing.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 23, 2014
Listed
Jan 27, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014