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Nyakabungo Traders United, Rukungiri Group
In this Group: Kaguna, Jack, Chance, Enock, Wilson, Merab, Naboth, Ismail, Benard, Jolly, Augustine, Alfred, Benard, Charles*
* not pictured
Kaguna A., 36 years old, with a family of 6, has been operating a repair and spare parts store for bicycles and motorcycles in Burambira, Rukungiri for 5 years. With his determination and hard work, he has been able to earn 200,000 UGX on a monthly basis, which he uses to meet his family's daily requirements including buying food and paying tuition fees.

For a long time, A.'s motive has been to set up a spare parts shop as there is a ready market available. This would help him advance his mechanics job and earn more profit since he would have fewer expenses, such as purchasing machines from other people. Therefore, with this loan, A. hopes to buy spokes, sprockets, tires, chains, realms, frames and so on for business expansion.

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
  • 171
    View loans »
    Uganda Loans Fundraising
  • $28,677,475
    Funds lent in using Kiva
  • 2,198.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakabungo Traders United, Rukungiri Group's $2,300 loan helped a member to purchase mechanical items and spare parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2010
Listed
Aug 11, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011