Fortune Womens Group
Fortune Womens group is located on the outskirts of Ibanda town. The group is comprised of only women whose major activity is agriculture. They fall into different categories including divorcees, widows, single mothers and married women.
Rehema is a single mother of six children. She lost her husband three years ago. Among her six children, four are in school. She also takes care of her son’s two children because their parents failed to raise their school fees.
Rehema is mainly an agriculturalist who grows crops and raises pigs and goats. She supplements the farming with income from a small retail shop with capital of UGX 100,000. She resorted to farming in 2009 after losing her husband, so that she could provide the basic needs of her children and pay their school fees.
She will use the loan to buy pigs to sell, feed for her pigs, stock for the business and to pay school fees for her children. Her customers are her neighbors and passersby. The main challenge is lack of enough manpower to look after the pigs and goats and lack of good feed for her pigs, which affects her cash flow. Despite all these challenges, Rehema is a very hard working, trustworthy and honest woman, which has increased the number of her customers and allowed her to provide a good education for her children.
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