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Nambale Mixed Group - Mityana
In this Group: Mesearch, Susan, Sam, Frank, Sylivester, Abdu, Samali, Margret, Judith, Fausta, Sarah*, Joseph, Laurencia, Atire, Emmanuel, Agera, Joice
* not pictured
Forty-year-old Mesearch M.'s membership is with Nambale Mixed Group - Mityana. It’s been over eight years since this married man began his produce-selling enterprise in Nambaale. He primarily has been selling beans and maize in bulk. He took a page from the brothers who were also involved in this genre of trade. It is a worthwhile business enterprise that brings in 160,000 shillings weekly and 640,000 shillings monthly.

The greater part of his client base comprises mostly wholesalers in and around Mityana. He says with this loan, he is going to purchase more bags of beans and maize for reselling.

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
  • 225
    View loans »
    Uganda Loans Fundraising
  • $29,115,450
    Funds lent in using Kiva
  • 2,280.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nambale Mixed Group - Mityana's $2,675 loan helped a member the purchase of more bags of beans and maize for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011