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Bakole Wakiso Development Grouo - Lugazi Group
In this Group: Fatuma , Regina, Shamimu, Livingstone, Florence, Benna
Fatuma N. belongs to the Bakole Wakiso Development Group-Lugazi. She is 40 years old and happily married with two kids, both of whom are attending school in Namengo-Lugazi.

To get a viable and sustainable financial means of subsistence that she and her family could rely on, she began her fish selling business two years ago. To take root in this business, she had to use savings from her bar business, which is still a side business for her. In a week, out of her fish business, she makes profits totaling up to 500,000 shillings.

Under the auspices of this loan, Fatuma wants to boost her business by buying more fish to resell and some to smoke and keep as reserve just in case client demand goes up. Just like in any other part of Uganda, fish customers in Lugazi normally have preferences, some an inclination for smoked fish and some fancy fresh fish. The upshot of increased sales, Fatuma gleefully says, is going to be an increase in profits for her business. This, she says, will improve the longevity of her business and, most important, enable her to give her kids a better education.

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
  • 362
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,250.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bakole Wakiso Development Grouo - Lugazi Group's $700 loan helped a member the purchase of more fish for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Sep 18, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011