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Nyakatookye Group, Ibanda
In this Group: Florence, Jane, Fausta, Margaret, Agnes, Katarina, Dinah, Dinah, Grace, Joy*, Dinah, Scoviah*
* not pictured
S. Florence is in the small photo at the top left. She missed the group photo, but she is the leader of this lending group. She is 40 years old and married with six children between the ages of 10 and 22, including three dependents in her care.

Florence deals in the sale of produce from Nyakatookye and just like the name of her business location, banana growing is the major activity that she has been dealing in for 10 years. She sells matooke (plantains) and hopes to expand her business by buying more from fellow farmers in case her stock is not enough so as to increase her income and sustain her customers. Florence needs a loan to be able to buy more matooke for resale.

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
  • 257
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,007.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakatookye Group, Ibanda's $2,100 loan helped a member buying more matooke for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2010
Listed
Feb 23, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2010