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Kigando Abeteraine Group
In this Group: Grace, William, Imelda, Mugume, Godfrey, Robert, Francis, Simon, Clovice, Patrick, Robert, John, Sefuroza, Godfrey, Robert
Grace is a thirty-eight-year-old married woman with six children who lives in her own house in Fort Portal, Uganda. She is a member of the Kigando Abeteraine borrower group (pictured in the photo that accompanies this profile), in which each member of the group guarantees the loans of the other.

Grace is charged with the responsibility of looking after her family, and her dream is to be able to educate all her children up to the university level. She has been running a small retail shop for ten years which has boosted her income level. Her business plan is to become a wholesale trader. Grace needs her portion of this group loan to buy sugar, coffee, soap and salt to sell at her shop.

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
  • 257
    View loans »
    Uganda Loans Fundraising
  • $29,230,350
    Funds lent in using Kiva
  • 2,293.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kigando Abeteraine Group's $1,875 loan helped a member to buy sugar, coffee, soap and salt for to resell in a shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 20, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011