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Bakusekamajja Development Group-Mukono
In this Group: Godfrey, Prossy, Christine, Prossy, Robert, Sylivia*, Solome
* not pictured
Godfrey K. is a resolute, hard-working, and strong-willed 48-year-old businessman who belongs to Bakusekamajja group-Mukono. For 6 years, he has operated a fish-selling business. He explains that it has been a worthwhile endeavor in terms of providing wealth and support for his family and extricating himself out of a life of poverty. In a week this married father of 4 typically earns 60,000 shillings.



He is now requesting a loan to purchase more fish for resale purposes.

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
  • 106
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,257.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bakusekamajja Development Group-Mukono's $1,200 loan helped a member to expand and improve his business by purchasing additional fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2010
Listed
Oct 13, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011