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Benon's Group
In this Group: Benon, Loy, Jolly, Fred*, Sulaiman, Kindness, Bright, Edward*, Mary, Abel, Sadara, Evas, Charity
* not pictured
Benon Korusherura is 45 years old and married with eight children, ranging in age from 20 years to 5 years. All of his kids are enrolled in school. Benon has been a fisherman for over 20 years and has recently opened up a grocery store to sell his catch and other food products. He would like to use the loan to expand his fishing operation. He hopes that with his continued hard work he will one day be able educate all of his children to the university level.

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
  • 174
    View loans »
    Uganda Loans Fundraising
  • $28,720,525
    Funds lent in using Kiva
  • 1,890.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Benon's Group's $3,525 loan helped a member to expand his fishing operation.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2009
Listed
Oct 21, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010