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Kiburara Tweheyo, Ibanda Group
In this Group: Stephen, Phiona, John Baptist, Vian, Molly, Phabian, Naome, Maureen, Jane
Thirty-eight-year-old Stephen B. has subsisted on profits from his eight-year-old produce-selling business in the Kiburara market of Ibanda and those profits cater to all his family responsibilities. He is a married man with three children. What has through the years played havoc with his business are the constant unpredictable weather changes. In his business, he has mostly been relying on his down-to-earth demeanor to attract customers.

In a week, his business brings him profits that amount to 40,000 shillings. With this loan, he wants to buy more lucrative cash crops like coffee, maize and cassava that he will later resell.

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
  • 319
    View loans »
    Uganda Loans Fundraising
  • $30,632,375
    Funds lent in using Kiva
  • 2,250.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kiburara Tweheyo, Ibanda Group's $2,150 loan helped a member purchasing more cash crops like coffee and cassava for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2010
Listed
Jul 21, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010