Check out some available loans that are similar to this one!
Kyegwisa Bakyara Twimukye, Ibanda Group
In this Group: Ovia, Vereria, Ronald, Jovelyn, Edward, Peter, Nzera, Teopista, Imelda, Justine, Teddy, Bea, Peter, Imelda, Molly, Julius, Getrude
Hard-working K. Ovia has, over the last 16 years, been overseeing her growing spare parts business in Kyegwisa trading center in Ibanda. With a monthly net profit of $107, this married lady has enjoyed the good graces that have come with running this lucrative business.

Consequently, she has made enormous progress in educating her four children, which is a concern in the family. Her first priority after acquiring this loan is to purchase more hardware inventory with the sole objective of turning her business into a big supply store for motorcycle and bicycle spare parts. This will help her earn more sales revenue to take care of her family's needs.

Ovia belongs to a group of members who hold each other accountable and insure one another in paying back their loans.

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
  • 240
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kyegwisa Bakyara Twimukye, Ibanda Group's $2,900 loan helped a member to buy more spare parts for motorcycles and bicycles.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011