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Katerera Farmers, Bushenyi Group
In this Group: Vasita, Peace, Yosam, Annet, Spiriano, Emmanuel, Erivanisi*, Richard, Vincent, Moses, Ben*
* not pictured
M. Vasita, aged 52, is hard working and determined. She has worked tirelessly in her five-year-old produce business that trades in beans, millet, maize, coffee and other food crops in Nyamirima trading centre, Bushenyi. Her strong work ethic has gotten her far, as her business currently generates 320,000 Ugandan shillings per month. The married mother of three M. began her business with her own savings and has trouble meeting the demand in the area. With this loan, she looks forward to buying more produce which will increase her sales revenue and enable her to meet her family expenses.

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
  • 105
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Katerera Farmers, Bushenyi Group's $2,425 loan helped a member purchase of more stock for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011