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Tutungukye Group, Ibanda
In this Group: Moses, Rosert, Meron, Jovanisi, Aidah, Ruth, Annet, James, Slyvia, John, John, Evalyne, Robert, Benard, Kabwerere, Mesodius, Rosette, Agnes*, Allen*, Imaaculate, Robert, John Baptista, Seth
* not pictured
Very hard working, M. Moses has been operating an agro-produce sales business from Omukagyera, Ibanda for a period of 10 years. With nostalgia, this happily married father of two children recalls how his business basked in high profit returns at its onset. Times have changed, however, as the business now is in diminishing returns, earning him 150,000 Ugandan shillings in sharp contrast to previous earnings due to seasonal changes.

Moses is no exception herein in terms of doing business. What he is looking forward to now is the prospect of enhancing his business by buying fertilizer and improving the production of beans and maize which he grows most. He has other income generating activities like a bar and a butcher shop. With this loan, he will improve his production and can afford business expansion. His revenue will increase and also he can make himself more able to meet his day-to-day life and family necessities.

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
  • 267
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,214.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tutungukye Group, Ibanda's $4,125 loan helped a member buying fertilizers to improve production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Aug 21, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011