Ntara Abamwe Group
Kenneth is a single father of six school-going children. He lost his wife in a car accident 2 years back. In addition he looks after two nephews who are orphans.
Kenneth is mainly a small scale trader who owns a small retail shop with capital of about UGX 100,000. He supplements his retail shop with his piggery project which he resorted to after losing his wife in 2010, so that he could meet the needs of his children and take them to school, which he does single-handedly.
He will use the loan to buy more pigs to expand his project, to buy more stock to expand his retail shop business and use some money to pay school fees. The main challenge is theft around the village and wild animals which eat his pigs after he has invested his money and loan money in them, which affects his working capital. Sometimes he and his children fall sick which reduces labour to work on his businesses. Despite all the challenges, Kenneth is a very hardworking and determined man who is looking forward to changing the future of his children by giving them a good education.
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.
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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