A. Grace (back:right) is 47 years old. She is married with 8 children. She has 2 years experience selling unshelled groundnuts in Kumi and other regional markets. She purchases her stock from village farmers at fair rates, and resells, yielding a profit margin of 40%.
A. is using the loan proceeds to purchase a large quantity of unshelled groundnuts as she anticipates a scarcity and an increase in demand. She dreams of exporting all types of cereals to neighboring countries like Kenya and Sudan. She would like her children to finish school successfully.
About BRAC Uganda
This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.
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.