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Bugongi United Savings And Credit Group B-Kihihi
In this Group: Peter, Gaetano, Edith, Patience, Serina, Dominic, Barnet*, Norah, Gilbert, Godad, Francis, Isiah, Herbert, Lawrance, Gustine, Godfrey*
* not pictured
30 year old T. Peter has been selling crude liquor for the last 5 years as a means of earning his livelihood. It goes without saying that this beverage is in high favour with many rank and file folks around his neighborhood. For this reason, Peter has been able to make ends meet though not as effectively as he would want. The reason for this he says is because unlike other beverages like beers which are taken by middle and high income earners, crude alcohol is mostly consumed by low income earners with paltry cash.

This business, Peter reveals, was begun with savings from his produce sales business, which is still a business for him, though he has less time for it at the present time. When he is not there to see the day to day running of business, his wife with whom he has 5 kids is always there to run it. Monthly, this business generates him 200,000 shillings. With this loan, Peter says he is going to buy more jerrycans of crude alcohol to resell. Peter 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
  • 282
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    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 B-Kihihi's $4,075 loan helped a member the purchase of more jerrycans of crude alcohol 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:
Jan 17, 2012