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Tukundane Bakyara, Ibanda Group
In this Group: Flora, Naome, Joseline, Joy, Speech, Agnes, Alice, Constance*
* not pictured
The hard work, as well as the social and creative nature of K. Flora, has seen her operate a thriving business of handling a bar business alongside growing bananas located in Ibanda town. The widowed mother of two children has been running these businesses for the last seven years and earns approximately $43.

Her current setback is having too little capital to purchase more stock, including beer and soft drinks, for the bar. This loan will help her to revive the business in terms of expansion, and she will also be able to earn more revenue to fulfill her family's requirements and to educate her fatherless children.

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
  • 360
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tukundane Bakyara, Ibanda Group's $3,150 loan helped a member stocking more beer and sodas in the bar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011