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Rwabashenyi Fal, Ntungamo Group
In this Group: Peace, Rose, Dinavence, Godfrey, Kedress, Molly, Edson, Joselyn, James, Patrick, Johnson, Narasisio, Olivius
A determined and hard-working K. Peace, married with five children, is enthusiastic in terms of her agriculture businesses in Rwabashenyi, Ntungamo. She belongs to Rwabashenyi FAL, Ntungamo Group. Peace owns a banana plantation and other agricultural farms growing beans, millet and onions, all generating income for her family. This has seen her earn 300,000 Ugandan shillings on a monthly basis.

Her main drawback has been the lack of funds to purchase mulch for her plantations. This has reduced the yields and she also now needs to buy more seedlings like onions for the coming season. This loan will therefore help her improve her banana produce yields thus enabling her to meet the customers’ high demand. It will also increase her sales revenue, hence making her more able to meet the family's requirements in terms of tuition fees for her children and to live a more self-sustaining life.

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
  • 320
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 2,251.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwabashenyi Fal, Ntungamo Group's $1,200 loan helped a member to purchase mulch and seedlings.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011