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Nkongoro Goat Rearing, Ntungamo Group
In this Group: Wilson, Lydia, Winnie, Steven, Alice, Molly, Apollo, Ketty, Aloysius, Elizabeth, Godfrey, Enock, Saad, Annet, Ham, Brendah
Hard-working Wilson M. K. started up his transport business four years ago with motorcycles commonly known as “boda boda.” These are a common means of transport and are convenient in timely situations like traffic jams and the bad road systems in Uganda. He has made a good profit out of it, earning 280,000 Ugandan shillings monthly.

His main setback is that he needs to expand the business by buying additional motorcycles and allocating them in different stages so as to increase his revenue. His future plan is to buy a car for "matatu" (taxi) usage to earn him more money. With this loan, he hopes to achieve that aforementioned goal and thus will be able to take care of his family. Wilson belongs to the Nkongoro Goat Rearing Group.

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
  • 103
    View loans »
    Uganda Loans Fundraising
  • $28,253,000
    Funds lent in using Kiva
  • 2,259.1
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Nkongoro Goat Rearing, Ntungamo Group's $4,825 loan helped a member purchase of another motorcycle.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2011