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Nyantwire Farmers' Gp Group
In this Group: Mary , Peter, Grace, Taddeo, Yoramu , Patrick, Margret, William , David, Grace, Joyce, George, Esther, Victoria, Resty, Vincent, Theopister, Theopister
Mary is a member of Nyantwire farmers' group and each member guarantees each other to access a loan.

She lives in Fort Portal Uganda and earns an income through farming and operating a retail business. She started these businesses with a hope of raising enough income for her family. She faces the challenges of changing weather and limited capital. However, Mary dreams of becoming a model farmer.

Mary applied for a loan to purchase mulch and pay workers.

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.
 

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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 314
    View loans »
    Uganda Loans Fundraising
  • $30,647,875
    Funds lent in using Kiva
  • 2,611.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyantwire Farmers' Gp Group's $3,200 loan helped a member to purchase mulch and pay workers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2014
Listed
Aug 10, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2014