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Omungyenyi Kwetungura, Ntungamo Group
In this Group: Swibu, Winnie, Keloy, Robinson, John, Muhwezi, Sam, Patrick, Julius, Gorretti, Francis
T. Swibu belongs to the Omungyenyi Kwetungura, Ntungamo Group. Hard-working Swibu has operated a garment sales business for the past seven years from Rubaare trading centre. By selling clothes in monthly and weekly markets in the area, he earns 500,000 Ugandan shillings on a monthly basis.

What has inspired him most in the business is having noticed the prevailing market in the area from local people. It is for this reason that he wants to get this loan to improve his financial prospects in terms of restocking his business with attractive materials and more bales of clothes. He earns additional income from farming and the ownership of a retail shop.

With these modest earnings, he has been able to make the best of the bad bargains that occasionally hit his garment sales business. Swibu happily reveals how he is able to educate his four-year-old child who is attending kindergarten. He is looking at business expansion in the 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
  • 101
    View loans »
    Uganda Loans Fundraising
  • $28,253,000
    Funds lent in using Kiva
  • 2,251.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Omungyenyi Kwetungura, Ntungamo Group's $2,775 loan helped a member to purchase materials and bales of clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011