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Moses' Group
In this Group: Moses, Florence, Sarah, Betty, Lovinsa
K. Moses is a young hard working man who has run a salon business for six years. He began working at a young age after he dropped out of school for financial reasons. He has been working longer hours in order to make his children’s lives easier and more bearable in the future. With his previous loan, he was able to purchase a chair and a shaving machine and with this is why he needs to buy others, plus combs, spirits, and fumes for his customers.

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

  • $1,500
    Average annual income
  • 296
    View loans »
    Uganda Loans Fundraising
  • $30,267,825
    Funds lent in using Kiva
  • 2,190.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Moses' Group's $975 loan helped a member buying fumes, spirits, combs and others for his barber shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
Apr 24, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009