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Nyakiju Tukore A, Rukungiri Group
In this Group: Naboth, Mary, Kellen, Jessica, Enid, Seth, Nathan, Winnie, Jovia, Vaster, Wilson, Efuransi
Hard-working K. Naboth has, over the years, been operating a cattle fattening farm in Nyakiju cell, Rukungiri. He sells cows at the periodic markets that take place in Western Uganda. He purchases livestock directly, raises it on his farm and then finds a ready market for it supplying to butchers, hotels and other customers in the periodic markets. He also operates agricultural farms from which he generates income out of food crops like bananas, beans and maize.

The main drawbacks in his business have been unstable market prices and low capital input. With hard work and efficient customer care skills, he has managed to keep his business going for over 7 years. In a month, he makes profits to the tune of 400,000 Ugandan shillings.

His future plans are to expand his business transactions and to restock his farm. This will earn him more revenue to pay for his children’s education and to improve their standard of living. With this loan, he anticipates great strides forward in achieving this dream and in restocking more cattle for sale.

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
  • 236
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,274.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Nyakiju Tukore A, Rukungiri Group's $4,750 loan helped a member to restock his farm with cattle.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 6, 2012