Luganda Kulya Group
Saydah raises broilers (chickens for eating) and layers (chickens for egg production) for wholesale delivery to local restaurants, grocery outlets and butchers. Her current stock is 200 head. In a typical week, she will deliver 12-15 crates of 30 eggs to her customers for 4,500 Ush per crate. She also sells several broilers each week for 4,000 Ush each. She uses broiler sales proceeds to buy more chicks and depends on the income from layers to support her family. Loan proceeds are used to purchase chicken feed in bulk quantities. Saydah prefers to buy quality chicken feed made with maize, fish, cotton and shells to improve the nutrition quality of her products and command a higher price at market.
All of Saydah’s children are in school. She wants to expand her stock to 500 chickens so she can send her children to better schools and provide them with better clothes.
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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