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Nakalama C 1 Namagogwe Sauti Group
In this Group: Sauti, Specioza, Justine, Najat, Fatuma
N. Sauti has had a new clothing business for six years. She is a business woman, age 45, married and blessed with nine children: of whom, five are going to school. In addition, she is taking care of two siblings who are also in school. She is using this loan to add capital to her business so she can purchase bags of charcoal in much greater volume – that is, more than ten bags of charcoal for resale. She is a hardworking business woman whose dream is to purchase a motorcycle to use for daily income to support her children.

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
  • 311
    View loans »
    Uganda Loans Fundraising
  • $29,253,525
    Funds lent in using Kiva
  • 2,060.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nakalama C 1 Namagogwe Sauti Group's $975 loan helped a member to purchase bags of charcoal.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2009
Listed
Aug 8, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2010