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Bugongi United Savings And Credit Group A-Kihihi
In this Group: Christmas, Richard, Justus, Benard, Alice*, Hope, Vangi*, Francis, Vastine, Jovia, Dominic, Provia, Salume, Night, Medard, Maritina
* not pictured
37-year-old Christmas H. is a happily married father of 5. He has been in the farming and coffee selling business for the last 3 years. H. is a traveling business man who carries himself around with a lot of optimism. He is a firm believer that hard work pays. Because he wants to make the most out of his business, he incessantly travels long distances to sell his coffee to old and new customers alike. He also sells to cooperative unions around Kihihi district. He says he began this business with savings from a modest crude alcohol selling business. Monthly, this business generates for him 350,000 shillings. With this loan, H. says he is going to purchase more bags of coffee to resell.

H. belongs to Bugongi United savings and credit group-Kihihi.

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
  • 150
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,357.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bugongi United Savings And Credit Group A-Kihihi's $4,350 loan helped a member to purchase coffee to resell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2011