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Benedicto's Group
In this Group: Benedicto, Sarah, Harriet, Mary, Joseph, Jane, Suzan
Benedicto M. is a 62-year-old, hardworking man. He is married with 11 children, three of whom are still in school as he also takes care of three grandchildren and one orphan. Benedicto has had multiple businesses -- poultry, bricklaying and the sale of produce -- in Kitega for 29 years. His major business challenges are the changes in prices depending on the season. He is able to make about 200,000 Ugandan shillings in profits a week and that helps him in taking care of his family and saving for future developments. His dream is to spread his business to other areas apart from his village as well as to build rental houses for monthly earnings.

Benedicto needs a loan to help buy more feed for his chicken as well as more produce for resale, since loans have boosted his businesses.

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

  • $1,800
    Average annual income
  • 225
    View loans »
    Uganda Loans Fundraising
  • $32,044,650
    Funds lent in using Kiva
  • 1,870.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Benedicto's Group's $2,450 loan helped a member buying more chicken feed and more produce for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 6, 2009
Nov 18, 2009
Currency Exchange Loss:
Apr 15, 2010