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Katebo Basooka Kwavula Group-Mpigi
In this Group: Lawrence, Anet, Hafuswa, Rukia, Florence, Johnson, Rashida*, Rose, Ramathan, Ben, Paul, Bashir, Christopher, Resty, Akim, Sam, Leonard, Henry, Muhamed*, Harriet
* not pictured
S. Lawrence, 57 years old and father of six, was inspired by his parents seven years ago to start his fish-selling business in Katebo-Mpigi. Farming has since become his major business occupation. Credit for his success he says, boils down to one factor — diligence. A cross section of clients has enabled him make ends meet although some financial, operational challenges have stifled his anticipated progress. Lawrence belongs to Katebo Basooka group-Mpigi. In a week, he makes Ksh 100,000. With this loan, he will buy more fishing nets to catch more fish to sell and make more income.

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
  • 284
    View loans »
    Uganda Loans Fundraising
  • $31,111,650
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Katebo Basooka Kwavula Group-Mpigi's $3,025 loan helped a member to purchase fishing nets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011