Prossy is a farmer who grows bananas in a rural area in Kyotera. She is forty six years of age and she started farming in 1998 with a hope of getting a clear source of income which she would use to provide the basic needs to her family members. Farming is his major source of income and she also sells milk which gives her additional income. She has applied for a loan through the group to be able to buy fertilizers. She hopes that this will boost the fertility of the soils where her garden is and hence will get enough incomes from the increased yields.
Her clients are mainly the residents in the same area where she operates from and a few town dwellers. Prossy is a hard working woman who works five days in the banana plantation every week and uses the other two days of the week to look for market for his tea. She is mainly challenged by the weather especially during the dry season since it does not favour the bananas which instead dry up. However, she is hopeful that if she gets the loan and applies the fertilizers, the yields will be higher and he will get relatively big profits from the business and be in position to provide for her family members adequately.
More information about this loan
This loan is part of UGAFODE's green loan program, giving Ugandan farmers the support they need to grow and process organic fruits and vegetables. Funds will be used to obtain critical resources like processing equipment, mulch and organic seedlings to reduce waste water contamination and improve consumer health. The green loan program also helps clients combat regional problems like deforestation and over-fishing.
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.