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Barracks 1 Tendo Max Group
In this Group: Max, Joan, Mariam, Mariam, Margaret, Lamula
Group leader T. Max is a business woman of twenty-six years-old, married with one child and two additional school-age dependents. For the last four years, she has had a cosmetics business. The products are now more expensive so she requires more capital for her business. She is requesting a loan to purchase products such as chemicals, lotions, creams, etc. and she will expand her business. She feels with the loan that she will have the strength to work and be encouraged to work harder. She is a hard working woman whose dream is to purchase a plot of land and construct a house.

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
  • 241
    View loans »
    Uganda Loans Fundraising
  • $30,254,725
    Funds lent in using Kiva
  • 1,880.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Barracks 1 Tendo Max Group's $1,700 loan helped a member to purchase beauty products for sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2009
Listed
Oct 25, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 3, 2010