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Rwenshama Tukore B, Rukungiri Group
In this Group: Richard, Simeo, Joseline, Elly, David, Lozio, Joseph*, Mauda, Immaculate, Benon*, Ketra
* not pictured
Operating a grocery business has really transformed his life. Having been prevailed upon by his wife, M. Richard began his business three years ago in Rwenshama, Rukungiri. He has mostly been selling sugarcane, sweet bananas, charcoal, tomatoes and onions. This business has been bringing him earnings amounting to 100,000 Ugandan shillings on a weekly basis.

Being a married father of six lively children made this 44-year-old come to terms with the fact that he needed to work extra hard to improve his family's welfare. With his cultivated hard-work ethic, he has been able to cater for his family's requirements, including meeting the school fees for his children’s education. That has all been made possible with finances from his business.

Before he began this business, Richard was more inclined to farming. He still derives side profits from his small scale coffee-sales business.

This loan will enable Richard to expand his business through the purchase of more crops like sweet bananas, thus increasing his supplying capacity to his increasing clientele. This will enable him to earn more revenue and live a more sustaining life as he looks at business expansion in the near future.

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
  • 143
    View loans »
    Uganda Loans Fundraising
  • $28,287,225
    Funds lent in using Kiva
  • 2,292.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwenshama Tukore B, Rukungiri Group's $1,875 loan helped a member to purchase more crops like sweet bananas, tomatoes and sugarcane for his store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2010
Listed
Jun 9, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010