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Ireda Agali One Akor Suzan Group
In this Group: Akor, Suzan , Jacinta , Suzan , Ketty
Akor S. is 40 years old. She is a married business woman with three children, all of whom are going to school. In total, she has seven dependents that she is looking after. Akor has been in the produce business for over 10 years. She buys beans, peas, maize flour, etc to sell. She is requesting for the loan because she wants to improve on her capital by expanding her stock and in turn her business. Akor hopes to have at least thirty bags of produce or more for sale. She is a hardworking business woman and her dream is to educate 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
  • 94
    View loans »
    Uganda Loans Fundraising
  • $28,246,150
    Funds lent in using Kiva
  • 1,880.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ireda Agali One Akor Suzan Group's $700 loan helped a member to purchase stock (produce) for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2009
Listed
Nov 4, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010