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Eliava Adiru Monica Group
In this Group: Monica, Celina, Rose, Dinna, Puala
Monica A. is twenty-six years old. She is married and has one school-aged child. She also cares for five dependents, three of whom go to school.

Monica sells food, such as cassava, beans and fruits, and fish.She has been in business for over four years. She is using the loan to purchase food to sell. The loan is expanding her business because it allows her to purchases in large quantities and to stock even more inventory. She is a hardworking businesswoman whose future plan is to own an enterprise.

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
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 1,911.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Eliava Adiru Monica Group's $900 loan helped a member to purchase food to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2010
Listed
Jan 6, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2010