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Ndorogi 1 Rukundo, Ibanda Group
In this Group: Spedita, Vangi, Stavias, Stephen, Max, Getrida, Jerosome, Innocent, Christine, Josephine, Clever, Monica, Modest, Audria, Deogratious, Harriet, Mary, Rogers, Angelica, Fred*, Irene, Bonny
* not pictured
On the face of it, T. Spedita seems a hard-grinding business lady. The 35-year-old married mother of five school-going children sweats her guts out selling produce such as peas, beans, millet and maize flour in the small rural town of Kakunama, Ibanda district. She has been doing this for the last ten years.

Spedita is able to make close to 200,000 Ugandan shillings monthly. This is quite modest by any standards and, as such, she requires a loan that will help her buy more food supplies for her business.

Spedita belongs to a group of twenty-two members and they are on their 18th loan. They insure each other 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
  • 109
    View loans »
    Uganda Loans Fundraising
  • $28,637,175
    Funds lent in using Kiva
  • 2,121.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ndorogi 1 Rukundo, Ibanda Group's $4,975 loan helped a member to purchase more goods like beans and maize to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2010
Listed
May 2, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010