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Bwijenje Twetungure, Rukungiri Group
In this Group: Denis, Eva, Frigensi, Ambrose, Paulo, Florence, Peace, John, Wycliff, Lawrence, Francis, Ivan, Fred, Bernard, Allen
With his small savings from his previous retail shop business, M. Denis, the married father of two at his age of 30, was able to start up his coffee trade business. He goes to farmers directly and makes purchases of raw coffee berries which he dries and takes to factories for resale. This earns him a clear profit of 150,000 Ugandan shillings on a weekly basis.

Therefore, with this loan, Denis looks forward to collecting more stock for his store and expanding his business in the short run. Earning more revenue is his main motive because he will become financially stable and able to take care of his family and also live a self-sustaining life.

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
  • 305
    View loans »
    Uganda Loans Fundraising
  • $29,652,575
    Funds lent in using Kiva
  • 2,295.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bwijenje Twetungure, Rukungiri Group's $4,800 loan helped a member to restock his business with coffee berries from suppliers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 29, 2010
Listed
May 27, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011