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Kikoni Ii Twetungure Group-Ibanda
In this Group: Frank, Richard, Edith, Gabriel, Savino, Benon, Scovia, Disan, Serestian, Marble*, James, Eunice, Elizabeth, Robert, Ketrah, Enock
* not pictured
Self-motivated and hardworking Frank M., aged 34, is a married father of two children aged 6 and 12 years. Frank has been operating a retail shop mainly selling consumer goods for home use in Kikoni trading centre, Ibanda, a business he started six years ago upon realizing the ready market in the area. At the end of every month he is able to pocket profits to the tune of 130,000 Ugandan shillings.



Frank's main limitation has been insufficient stock to meet customer demand, so he is now seeking a loan that will help him stock more goods to address this problem and also transform his enterprise into a big enterprise. Being very committed to conducting a business providing good customer care, he hopes to increase his sales revenue as he works toward achieving a self-sustaining life and catering to his children’s education 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
  • 149
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,284.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kikoni Ii Twetungure Group-Ibanda's $2,350 loan helped a member the purchase of more goods to resell at his retail shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2010
Listed
Nov 2, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011