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Fred's Group
In this Group: Fred, Robina, Jenifer, Patrick, Lukia, Ruth, Harriet, Ismail, Esther, Margaret, Rose, Sarah, Amina, Sam, Juliana
K. Fred is the leader of Mabira development group. He is a 38-year-old married man with 5 children aged 13 to 5 months as he cares for 6 dependents. He is a hard-working man with a drive to succeed in life, with a business of a cosmetics shop and a salon.

He started his business 9 years ago and usually his business type being seasonal affects his income somehow as does the limited capital that he has. He has been a member of his lending group for 9 years and the 26 loans he has received so far have helped him in restocking his shop. He works so hard in order to ensure that his children attain the best education as well as to be able to build a respectable family house. Fred needs a new loan to help purchase more stock in large quantities.

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
  • 259
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,245.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Fred's Group's $4,875 loan helped a member buying more salon stock and cosmetics for his shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
May 22, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009