Lubajja Traders (C) Group
Getting the coffee ready to sell is a time-consuming and laborious process. After picking the coffee pods, he lays them in the sun to dry. After they are dry, Huruna must crack open the individual pods and extract the coffee beans. Then he must pack these beans into large sacs and transport them to the factories to sell them.
Huruna has eight children ranging from 6 to 16 years old. They are all in school, so he and his wife have to search for ways to manage the large task of providing school fees for all of them. All of his children attend private schools. This is a sign that his business is making a difference in his family.
Huruna is requesting a loan of 2 million USH (UGX) to purchase sacs of coffee to resell. He says that if his business takes off, he would like to build some houses to rent to people in his community. His biggest dream is to travel around the world.
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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