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Bufunda Garage, Ibanda Group
In this Group: Muzamira, Gastone, Vito, Abdul, Benon, Amon, Rose*
* not pictured
M. Muzamira, aged 38 years, has a family of three and has been operating a bicycle repair shop for two years in Nyabuhikye, Ibanda. Through doing this he is able to make 160,000 Ugandan shillings on a monthly basis which he uses to meet his family’s daily requirements including buying food for the family and paying tuition fees.

For a long time, Muzamira’s motive has always been to set up a spare-parts shop as there is a ready market available. This would help him to better progress his mechanic’s job more fairly with the extra expense of purchasing machines from other people but the ability to earn more profit.

Therefore, with this loan, Muzamira hopes to buy more spares for repairing bicycles.

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
  • 296
    View loans »
    Uganda Loans Fundraising
  • $30,299,000
    Funds lent in using Kiva
  • 2,274.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bufunda Garage, Ibanda Group's $2,250 loan helped a member to purchase bicycle spare parts and open up a shop.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 29, 2010
Listed
May 26, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010