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Kasongode Lubimbiri Group
In this Group: Ali , Kenneth, Jackson, Edrisa, Eldad, Julius, Robert, John, John, Remigio, Christine, Patience, Vicent, Yowakim, Terezia, Vicent
John is a member of Kasongode Lubimbiri group where each member guarantees the other for access to credit. He is into retail trade and has been in business for three years.He longs to educate his children upto university level and his business dream is to own a wholesale shop.John intends to use the loan to buy sugar,salt and soap.

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

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • 2,305.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kasongode Lubimbiri Group's $2,850 loan helped a member purchase sugar, salt and soap for resale.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 2, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011