Bulenga Twekembe (A) Group
In Uganda, the education system is broken into four sections. There are seven years of primary education, four years of lower-secondary education, two years of upper-secondary education and then three to five years of post-secondary education.
Olivia began her poultry business to increase the money that her family has to operate with. In her job as a teacher, Olivia earns only 120,000 USH per month. This would not be enough to support her family, since she has 6 children ranging in age from one year to fourteen years. Although her husband also works in the market in Bulenga, five of their children are currently in private schools in the area and the total amount of school fees is very high.
Thus, Olivia began her poultry business. She has about 100 broiler chickens (the chickens that are raised to be eaten – as opposed to those that are raised for collecting eggs). Olivia buys these chickens when they are one day old and then sells them after 5 weeks. These day-old-chickens cost 1,300 USH and she can sell them for around 5,000 USH. During the fattening period, Olivia spends 35,000 USH per week on chicken mash. This means that she makes roughly 190,000 USH profit from each stock of chickens.
Olivia is requesting a loan of 300,000 USH to purchase chicken mash. She says that if she were able to do anything, she would open a nursery school in Bulenga. She would buy a plot of land and build three big classrooms.
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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