Bluecoat Wealth Management has lent money to Namuganza Joy through KIVA to invest in her welding business.
Namuganza is affliated to Alinhinkira Group-Jinja and is happily married with nine children.
The trade of welding has mostly been a male preserve, but it is fascinating that in today’s Uganda you will find women who are eager to turn a hand to even the hardest of jobs, which often involve a lot of elbow grease. Joy has been involved in this trade for ten years now. Her operating headquarters are in Ivunamb trading center-Jinja.
The need for self reliance, she says, is what got her started in this business. Her story of transformation from a housewife into a fully fledged businesswoman is something in which she takes pride. She says young underprivileged girls can look up to her and emulate her. Her weekly income is 70,000 UGX. Joy also runs a charcoal sales business. With this loan, she wants to purchase metal materials for welding doors, windows and chairs.
Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.
Kiva was born of the following beliefs:
People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.
The poor are highly motivated and can be very successful when given an opportunity.
By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.
Dignity: Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect.
Accountability: Loans encourage more accountability than donations where repayment is not expected.
Transparency: The Kiva website is an open platform where communication can flow freely around the world.