Maguguni Ebenezer Group
Solar lamps save on members' fuel costs, such as kerosene, which amounts to approximately $16 a month. Improved stoves decreases firewood and charcoal usage, which costs a family about $9 a month. Members also find it necessary to use the efficient cook stoves in warming the poultry houses to keep their chicken warm and healthy.
After receiving training on consumer education and financial management by Visionary Empowerment Programme, the members showed interest in solar lamps and improved cook stoves. Due to family responsibilities and economic constrains, however, they were unable to save upfront for the products and they opted instead to take loans.
Mary, the group's chair lady, has been using kerosene to light her house and poultry house, and she also uses charcoal to warm the poultry house. With the solar lamps, she no longer has to buy kerosene and charcoal and thus saves money. If she ploughs the amount she saves back to her poultry business, it will lead to growth and business expansion.
More information about this loan
About Visionary Empowerment ProgrammeVisionary Empowerment Programme (VEP) is a nonprofit organization that empowers people to build their own enterprises through microfinance, training and other development services. In addition to providing loans to groups of borrowers, it works with established organizations to encourage installation of biogas digesters, solar energy products, clean cooking stoves and other technologies that reduce costs, poverty and greenhouse gas emissions.
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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