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Bulubandi 1 West Nakasolo Madina Group
In this Group: Madina , Deborah, Sophia, Lydia, Lydia
N. Madina is an active business lady. Her hope is to work hard, prosper and educate her children. She is using the loan for brickmaking, that is purchasing firewood for burning bricks, paying workers, transporting the bricks to convenient places for sale, and so forth. She has been in her business for two years and she sincerely wishes to enlarge her business so that she can make more bricks for big markets and therefor earn more profit. N. Madina is married with five children; two go to school. She is also looking after one dependent, who is also going to school.

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

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,088.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bulubandi 1 West Nakasolo Madina Group's $1,700 loan helped a member for brick making,that is purchasing firewood for burning bricks, paying the workers, transporting the bricks to convenient places for sale, and so forth.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2009
Listed
Aug 13, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2010