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Kambuga Bakyara Kwekamba, Kihihi Group
In this Group: Crenereo, John, Stephen, Evaristo, Allen, Nastori, David, Nkwate, Jane, Phoeb, Emmanuel, James, Norah, David*, Mary
* not pictured
Hardworking K. Crenereo started his hardware business thirty years ago dealing in general building merchandise. Being strategically located in Kihihi town, he gets many customers, earning him a profit of 286,000 Ugandan shillings monthly. His main drawback is having a small amount of stock that cannot match the demand from his customers.

With this loan Crenereo hopes to buy more stock for his business. This will help him expand his business market and also earn more sales revenue. This, in turn, will enable him to cater for the requirements of his three children, who are still undergoing school, and also enable him to progress economically.

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
  • 286
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 2,085.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kambuga Bakyara Kwekamba, Kihihi Group's $3,800 loan helped a member to purchase more stock for his business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2010
Listed
Apr 21, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2010