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Igorora Tukore Association, Ibanda Group
In this Group: Agnes, Mable, Justine, Jannet, Godwin, Wilson, Fred, Francis, Amos, Marion*, Veronica, Robert, Akankunda*, Esau, Alex
* not pictured
This 48-year-old female, K. Agnes, is hardworking and dedicated to her banana plantation enterprise that she has run for over ten years. This has earned her a profit of 200,000 Ugandan shillings monthly which has helped in providing basic needs for her six children.

This loan will be an incentive for Agnes to purchase farm tools like hoes and fertilizer and to modernize her plantation to improve on the banana crop which is commonly used by customers for making local dishes. This will increase Agnes’s sales revenue and enable her to pay her daily bills including her children’s school fees.

Agnes belongs to a group that hold each other accountable and insure one another in paying back the loan.

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

  • $1,500
    Average annual income
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,688,425
    Funds lent in using Kiva
  • 2,069.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Igorora Tukore Association, Ibanda Group's $3,700 loan helped a member to purchase hoes, mulches and fertilizer for her banana plantation.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2010
Listed
Apr 20, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010