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Burora Traders A, Kihihi Group
In this Group: Patrick, George, Ruth, Benon, Justus, Livegari, Obed, Kenneth, Micheal, Edison, Levi, Mebro, Moreen
With his small savings from his previous farming ventures, N. Patrick of Burora Traders, 37 and the married father of six, was able to start up his coffee trade businesses alongside bananas sales. He goes to farmers directly and makes purchases of raw coffee berries which he dries and takes to factories for resale.

This earns him a clean profit of 600,000 on a monthly basis. Therefore with this loan he looks forward to collecting more stock for his store and expanding business in the short run. Earning more revenue is Patrick’s main motive because he will be financially stable and better able to take care of his family and also live a 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
  • 145
    View loans »
    Uganda Loans Fundraising
  • $28,654,375
    Funds lent in using Kiva
  • 2,250.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Burora Traders A, Kihihi Group's $2,525 loan helped a member buying more coffee for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 27, 2010
Listed
Sep 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011