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Matare Progressive Group, Kihihi
In this Group: William, Ronald, Hellen, Mable, Jesca, Tito, Agnes, Babrah, Jovia, Robinah, Medard, Vastine, Dondata, Peace, Max, Vastina
In the Kanungu trading centre of Kihihi, a hard-working and determined B. William has been running a business where he has sold food products for over a year. He belongs to the Matare Progressive Group, Kihihi. His hard work and friendly character have brought him this far alongside his other business of carpentry. Together, he earns 400,000 Ugandan shillings monthly from his businesses.

This loan will help William to do research and purchase better quality products for selling such as rice, beans and coffee and to further restock his business in order to match the customers' demand. With an improved business, he will be able to earn more revenue and to support his family as he struggles to educate his nine children to create a better future for them.

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
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 2,251.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Matare Progressive Group, Kihihi's $2,275 loan helped a member to buy more stock e.g. rice, beans and coffee.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011