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Kazinga Development Group-Kihihi
In this Group: Benon, Agnes, Wilberforce, Lydia, Ezra, Medard, Edith, Benon, Erick, Mishaki, Margret, Maria, Chrisopher, Zawari, Samuel, Muzamil*, David, Ashimu, Domnic, Benon, Ibrahim, Moses, Kedress*, Florence, Medius, Stephen, Olive*
* not pictured
B. Benon, 41, belongs to the Kazinga Development group-Kihihi. He is married with three kids and for six years he has been running a food-selling business in the Kihihi Market. Primarily he has sold rice and coffee. To start up in this business, he relied on his savings given the fact that he is a secondary school teacher. Benon says that hard work and the good chord he has struck with his clients have gotten him where he is today. He still teaches and earns a salary. His business earns a profit of 70,000 shillings weekly. With this loan he says he is going to procure more bags of the aforementioned food to resell.

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
  • 296
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,285.4
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kazinga Development Group-Kihihi's $4,850 loan helped a member the purchase of more of more bags of rice and coffee for resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011