Jubilee Tukore Group
Update on Jubilee Tukore GroupJubilee Tukore Group is located in the center of Ibanda Town. The group is mainly comprised of women whose major activity is trade and agriculture. They fall into several family demographic categories, including divorced, widowed, single mothers, and a few who are married.
Rose is a single mother of three children. She lost her husband, three years back, in a car accident. Her three children are all in school. In addition, she looks after her two nephews, who are also orphans.
Rose is mainly an agriculturalist who grows crops and raises goats and sheep. She supplements the farming with income from a small restaurant, with capital of UGX 100,000. She resorted to farming in 2010, after losing her husband, so that she could feed her children and take them to school.
She will use the loan to buy goats and sheep to sell, to buy more materials to use in her restaurant, and to use some of the money to pay tuition for her children. Her customers are mainly neighbors and passersby.
Rose's main challenge is theft around the village. Sometimes thieves steal her goats and sheep after she has invested her money in them, especially the loan money, and this affects her cash flow. Sometimes she or her children fall sick and, on such days, she is unable to till her land.
Despite all the challenges, Rose is very hard-working and determined to change her future, along with that of the children, by giving them a good education.
Previous Loan DetailsThe Jubilee Tukore Group is located in Ibanda town council and is composed of 16 members. Some clients deal in retail trade and others deal in agricultural produce. The group is well organized with sub groups, the smallest units composed of six members. The clients hope to use the loan to rest... More from Jubilee Tukore Group's previous loan »
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.
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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