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Bugongi United Savings And Credit Group C-Kihihi
In this Group: Robert, Jeninah, Gerald, Posiano, Geofrey, Matia, Eunice, Charles, Sitidia, Joseph, Lydia*, Rovine, Auraria*, Paulline, Nobert*, Lydia, Erick
* not pictured
Robert B., 31, a happily married father with three children, is best described as a hard-worker by nature. At least he has lived up to that description the last 10 years operating a commercial agricultural business in Kito-Kihihi.

That hard work ethic has enabled him to make significant strides in a business that was once regarded as Uganda's economic backbone. That statement must be put into perspective because there has been a gradual shift away from commercial agriculture as a means of subsistence through the course of the last 30 years in Uganda.

Robert, for the most part, sells bananas. Bananas are a staple food in most parts of western Uganda. Before he obtained a firm footing in this business, Robert was selling mostly coffee, which is also a cash crop of high financial value.

With this loan, Robert says he is going to buy pesticides to get rid of the bugs that have been playing havoc with his banana plantations. Robert says that, in the future, he is looking to expand his banana plantations by buying more acres of land.

Robert 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
  • 263
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    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 C-Kihihi's $2,825 loan helped a member to purchase pesticides.
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 4, 2012