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Akutwala Ekiro Development Group-Mityana
In this Group: Peragia, Dominic, Rose, Regina, Ali, Proscovia, Sarah*, Joyce, Justine, Joy, Abdul*, John*, John Bosco, Jackson, Siraje
* not pictured
Peragia K. rises as early as the larks. With the kind of business she undertakes -- food sales -- this is extremely invaluable, as clients normally prefer to purchase foods at the crack of dawn. Welcome to the world of this 45-year-old, where it is survival of the fittest in a cutthroat business and the ones with better wits can gain an advantage over those who are not in touch with the reality of this kind of business.

Subsistence farming was her first major preoccupation. Though she still holds it in high value, she says selling the crops that she harvests is a better and worthwhile business proposition. Her business accrues 45,000 shillings weekly. With this loan, she wants to buy in bulk more cash crops for resale. She belongs to the Akutwala Ekiro Group-Mityana.

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

  • $1,800
    Average annual income
  • 234
    View loans »
    Uganda Loans Fundraising
  • $31,033,550
    Funds lent in using Kiva
  • 2,239.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Akutwala Ekiro Development Group-Mityana's $2,150 loan helped a member the purchase of foods in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2010
Listed
Oct 2, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011