Ncucumo Twimukye Group
In addition to tailoring, she also trades in produce which gives her additional income that helps her cater to the needs of her children. Her business is located in Ncucumo, Kitwe in the Bushenyi District, and her clients are mainly people from around Bushenyi. She started the business with the purpose of generating income which she would use to provide the basic needs of life to her children.
Donanta would like to use the money to buy more produce and she hopes that her business will grow in future and she will get enough money to build a house. Her main challenge is transport since the means of transport in her area of operation is very poor. She describes herself as an honest person, and her personality has helped her to keep in the market.
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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