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Fena Fena Tukore Group, Mubende
In this Group: Frank, Gerald, Andrew, Samuel, Saidi
K. Frank of Fena Fena Tukore Group is a hard working and ever-optimistic 33-year-old married father of one child. He operates a growing agro produce business in Kanseera Trading Centre, Mubende. He buys and sells cereals like maize, beans, millet and more.

With a business longevity span of three years, Frank has managed to significantly sustain and improve his family’s welfare by paying his bills and general family welfare. To all appearances, his future business prospects look promising with 600,000 Ugandan shillings coming in monthly out of his business. He envisions an even greater profit margin as he gets this loan, anticipating being in position to buy more stock for the business. This will enable him to expand business by opening more stores, earning more revenue and living 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
  • 326
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 2,239.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Fena Fena Tukore Group, Mubende's $1,050 loan helped a member to purchase more stock.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2010
Listed
Oct 2, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011