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Buroratraders  B, Kihihi Group
In this Group: Ivan, Eldard, Agatha, Kellen, Frank, Alex, Remigio, Enid, Gad, Gloria
Hard-working N. Ivan of Burora Traders group, aged 33, is a married father of two children. He went into a business venture of carpentry now close to 7 years ago, having got this idea from his friend and this being his trade, he built on it. Being a strategically located business in Burora, Kihihi town in western Uganda, Ivan gets many customers earning him 200,000 Ugandan shillings monthly.

With this loan, he is looking forward to restock his business with more materials such as timber and also doing more advertising to increase the numbers of customers. This will definitely give his enterprise a new lease on life and also help him improve his sales and be able to take good care of his family as his goal is to have his children educated.

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
  • 141
    View loans »
    Uganda Loans Fundraising
  • $28,287,225
    Funds lent in using Kiva
  • 2,250.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Buroratraders B, Kihihi Group's $1,325 loan helped a member restocking his business with more carpentry materials such as timber.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 28, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011