Kabagyenda 6 Kiteteyi Jovilate Group
For over 15 years, Jovilate has run a pub business. The capital in her business has dropped and she is therefore requesting a loan to purchase local brew to sell to her customers, and jerricans for carrying it, in order to improve upon her capital as well as her profits. The loan will be used to increase her stock which, due to large profit returns, will enable her to pay her children's school fees.
Jovilate is an active and hardworking businesswoman whose dream is to improve and expand her business and educate her children.
About BRAC UgandaThis 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.
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