Harukooto Tweimukye Group
Update on Harukooto Tweimukye GroupJane is a 62-year-old married woman with six children living in Fort Portal, Uganda. She is in the same group with Judith, who shared with us her story in the previous loan. Jane captured our attention by inspiring her group members to work hard and make their future better through her entrepreneurial skills. She has a grocery store where she sells a wide range of food items. With the money she earns she has been able to pay school fees for her children. Her major challenge is lack of preservation equipment for the perishable goods. Her dreams are to operate a wholesale business and to buy a refrigerator. Jane will use her portion of the loan to buy sweet bananas and sodas to sell.
Previous Loan DetailsJudith started her retail shop with 100,000 Ugandan shillings and has operated it for for 10 years. Her major challenge is the decline in purchasing power of clients due to hiked food prices, but she has hope for progressing in business. She needs this loan to buy more rice, sugar, beans and grou... More from Harukooto Tweimukye Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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