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Nyakabungo Traders Group
In this Group: Jonan, Ivicence, Dan, Beneth, Shuku, Edward, Jude, Nicholas*, Sula, Sefu
* not pictured
M. Jonan, a steadfast and courteous 28-year-old, has belonged to the Nyakabungo Traders group for the last 12 years. It is a group that, on the face of it, operates as a cohesive unit and M. Jonan has been one of the movers and shakers in it all this while. He began his current banana sales business with savings from his former chicken sales business. Jonan is happily married with 2 children. His weekly profits amount to 50,000 UGX. He plans to use this loan to purchase more bananas for resale.

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
  • 155
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,265.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakabungo Traders Group's $1,525 loan helped a member to purchase more bananas for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2010
Listed
Nov 8, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011