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Rugando Farmers And Tradesr Group B
In this Group: Grace, Joan, Jackson, Emmanuel, Eliphaz, Medard, Varisti, Richard, Edith, Abel, Benard, Stephen
A. Grace is the leader of Rugando Farmers and Traders Association, Group B. She is 34 years old and married with 4 children, all above 6 years. Grace has a bar and grocery store where she sells beer, drinks, and edibles from Nyamirambi. She sells mostly to the local people and travelers. She makes 220,000 in monthly profit, in addition to her income from farming. Grace needs a loan to be able to buy more beer, especially for the festive season.

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
  • 309
    View loans »
    Uganda Loans Fundraising
  • $30,615,075
    Funds lent in using Kiva
  • 2,298.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Rugando Farmers And Tradesr Group B's $2,600 loan helped a member to buy more beers for resale.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 23, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011