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Katoma Mercy Ntarwete Frazzy Group
In this Group: Frazzy, Florence, Peace, Mary, Elizabeth, Gladesi
N. Frazzy is 48 years old, married, and has five children, all in schooling. She has another dependent, also in schooling. She has been a farmer for over seven years. She sells bananas and firewood in large quantities. She is using the loan to purchase fertilizer for her banana plantation and also paying her workers as well. Her dream is to install electricity in her house and to form a tree and fruit-planting project.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 315
    View loans »
    Uganda Loans Fundraising
  • $29,712,250
    Funds lent in using Kiva
  • 2,210.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Katoma Mercy Ntarwete Frazzy Group's $1,450 loan helped a member to purchase fertilizer for her banana plantation and also to pay her workers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2009
Listed
May 13, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010