Rwengiri Modern Group, Ibanda
It’s rare to come by female farmers in Uganda, but here is an exception. At the age of 38, B. Agnes is defying this stereotype and she has been a farmer from Kafunda in Ibanda for two years.
Agnes’s future prospects do not seem to be bad due to her hard work and friendliness. She will be able to expand her business and elevate her family’s standard of living, once she can access a loan to be able to pay her workers and buy manure and mulch her farm.
Agnes is grateful for her loans since she has benefitted a lot and makes more profits from the increased investments.
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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Success!! The loan was 100% repaid