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Kings Of Kings Group -Lugazi
In this Group: Haurat, Betty, Fatuma, Hadijah, Immy, Mary, Grace, Christopher, Vicent, Prossy, Sophia, Maggie
33-year-old Haurat K. belongs to the Kings of Kings Group-Lugazi. Twenty years ago, she began her small cinema business in Buziika-Lugazi, which provides about 90,000 shillings a week in earnings. Haurat credits her husband for providing the inspiration to start this business. Prior to that, she was operating a retail shop.

Haurat also has a side business selling fast food, which she says brings her extra profit. Haurat is happily married with 4 children. Her plans for the future include constructing a house for the family. She has placed a deposit on a plot of land, and she plans to use this loan to pay the remaining balance to purchase the land.

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
  • $29,081,275
    Funds lent in using Kiva
  • 2,303.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kings Of Kings Group -Lugazi's $4,575 loan helped a member to pay the balance for a plot of land.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2011