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Bugolo Zibulaatudde Kikondo Group 1-Lugazi
In this Group: Tausi, Aisha, Alice, Sarah, Margret, Jamila, Mirabu, Mariam, Jane, Fatuma, Nalongo, Muhamdi, Safina, Ibrahim, Yusufu
Twenty-three years down the road operating a fishing business is quite remarkable. Longevity in this cutthroat business normally points to individual hallmarks of hard work, constant planning, resilience, determination and a creative vision. If you take the example of 44-year-old N. Tausi, then you have got a clear testimony to the above.

This happy-go-lucky and affable married mother of six has brought profit grist to her business mill, selling fish all these years. Her business status at present reads like a rags-to-riches success story. With savings from her first farming business, which she still operates at a small scale, Tausi was able to set forth on this business. Casting her mind back, she says her farming business was not as lucrative as this one. She says she had to grapple with a lot of financial difficulty at that time.

As of now, she is planning on building a better family house if her prospects improve with this loan. In a month, her profits total up to 240,000 shillings (about $106). With this loan, she says she wants to buy a boat.

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

  • $1,800
    Average annual income
  • 230
    View loans »
    Uganda Loans Fundraising
  • $31,013,475
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bugolo Zibulaatudde Kikondo Group 1-Lugazi's $3,750 loan helped a member purchasing a boat.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2010
Listed
Jul 9, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011