Feresiana is a married mother of four children with two additional dependents. Her four children help her with the agricultural work that yields income for the family's livelihood.
Feresiana is mainly a small scale trader of services with a concentration on growing sugar cane which is processed to produce the local gin. The business helped the family to survive. She is currently running the business with about 700,000 UGX, a limited amount of capital.
She will use the loan to buy farming inputs, specifically organic mature and fertilizers to grow sugar cane. The loan will also help in her local processing, a business in which she has experience.
Her main challenge is weather which affects her production processes. Her dream is to become stable and have a decent house built to settle in with her family. Feresiana is very hardworking with passion, a reason she is looking after two additional children. She also respects her payment dates.
She is grateful to her fellow group members because they are standing by her side. She is also grateful for the Kiva lenders for taking an interest in supporting them.
More information about this loan
This loan is part of UGAFODE's green loan program, giving Ugandan farmers the support they need to grow and process organic fruits and vegetables. Funds will be used to obtain critical resources like processing equipment, mulch and organic seedlings to reduce waste water contamination and improve consumer health. The green loan program also helps clients combat regional problems like deforestation and over-fishing.
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