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Richard's Group
In this Group: Richard, Fred, Madina, David, Ali, Ronald, Daniel, Hussein
Richard K. represents the Tumwesige group in Lugazi. He is a very hard-working man with a motorcycle business that he has owned for two years. He owns one motorcycle that he drives himself but plans to buy two more and employ others to drive them.

Thanks to the loans he has received, he has been able to buy a plot of land and other household items, which he otherwise could not have owned. He needs a loan to help repair his motorcycle so that he can bring in more money.

Additional Information

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.

About Uganda

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • 2,190.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Richard's Group's $2,900 loan helped a member repairing his motorcycle in order to earn more money.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2009
Listed
Apr 28, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009