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Mbogo Bakyara Twimukye, Ibanda Group
In this Group: Jonabu, Norah, Muhame, Robert, Denis, Vito, Bonny, Joy, Amos, Christine, Vanglista, Paul, Amos, John, Lilian*, Fausta*, Jovanis*
* not pictured
Jonabu N. is the member of Mbogo Bakyara Twimukye group in Ibanda. With his main source of revenue for the past 12 years coming from the sale of food stuffs in Mbogo trading centre, Ibanda, the hardworking and patient Jonabu N. has managed to sustain his family of four children. The 49-year-old dynamic businessman has reached a point where profits accruing to his business now amount to 180,000 Ugandan shillings per a month. With steady progress in building his small enterprise, Jonabu feels that his future prospects are rising every passing day.

With this loan, Jonabu intends to buy more produce including maize, cassava, peanuts, millet, beans and rice so that he does not run short of stock and supplies. This will improve his sales revenue and enable him to maintain a self-sustaining life as he looks at educating his children so that they become important people capable of supporting themselves in the near future.

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
  • 223
    View loans »
    Uganda Loans Fundraising
  • $29,092,125
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mbogo Bakyara Twimukye, Ibanda Group's $3,150 loan helped a member to purchase more food produce for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Aug 26, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011