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Industrial Area 2 Oyella Christine Group
In this Group: Christine, Milly, Grace, Santa, Alice, Sabina, Christine
Christine O. is a hardworking businesswoman of 40. She is a widow with three children and she has three other dependents in school. She owns a charcoal store and has been dealing in the charcoal business for over five years. Since she could not get charcoal herself from villages, she could only obtain poor quality charcoal, which made her lose customers. But now she is using the loan to purchase charcoal from villages herself to sell in her store. She is a hardworking businesswoman who dreams of increasing her business and educating 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
  • 305
    View loans »
    Uganda Loans Fundraising
  • $29,652,575
    Funds lent in using Kiva
  • 2,017.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Industrial Area 2 Oyella Christine Group's $850 loan helped a member to purchase charcoal from villages to sell in her store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010