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Bring Ambercourt To Unite Group 2-Jinja
In this Group: Poul, Muzamiru, Henry, Lawrence, Connie, Mary, Harriet Namugabo, James*, Semeyi*, Joy, Jane*, Patrick, Rogers, Mary, Silver
* not pictured
Farming was 40 year old Poul Wangol ’s first business preoccupation. Poul still does farming but for the last 4 years, he has preeminently been growing onions. Before he used to grow a variety of cash crops but, at length, he made a deduction that onions would be his preferred crop to sell. Poul who is a happy go lucky 40 year old father of 7 says he also ekes out side profits from an old clothes sales business. Paul reveals that his monthly profit returns total up to 270,000 shillings. With this loan, Poul says he is going to purchase 6 bags of onions and old clothes to resell. Poul is affiliated to bring amber court to unite group-Jinja.

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
  • 269
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,282.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bring Ambercourt To Unite Group 2-Jinja's $2,950 loan helped a member the purchase of more bags of onions and clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2010
Listed
Nov 5, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011