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Kahengye Adult Development Group
In this Group: Richard, Alex, Davis, Alex, Loice, Kellen, Kazimail, Jackson, Amon, Adonia*, Deus*, Evas
* not pictured
A determined and very hardworking B. Richard, aged 32 years, is the married father of two children and three helpless dependents. He has operated a retail shop business for four years selling general merchandise in Kahengye, Rukungiri.

At the end of every month Richard is able to pocket profits to the tune of 180,000 Ugandan shillings in addition to his monthly salary for his teaching profession. He employs one person to help with his shop while he is away. His main drawback has been having a small amount of stock in business that cannot match the consumption rate of the customers.

Richard is therefore seeking a loan that he figures will help him stock more goods that will satisfy his customers’ high demand and also transform his enterprise into a wholesale business. Being very committed to the business, with good customer care, he hopes to increase his sales revenue. This will bring about a transformation in his business and enable him to achieve a self-sustaining life and cater for his family’s requirements.

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
  • 283
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,207.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kahengye Adult Development Group's $1,875 loan helped a member to buy more stock for his retail shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2010
Listed
Jun 2, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010