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Wealth Archiever's Group-Mpigi
In this Group: Godfrey, Yoweri Mukasa, Ruth, David, Joseph, Berna*, Yuda, John, Juliet, Harriet, Margaret, Mohammed*, Sylvia, Teddy, Asiat*, Mega, Flavia
* not pictured
K. Godfrey, 28 years old, has been in the fishing business for the past 4 years in Namirembe-Mpigi. He got involved in this business after he sensed a ready market for fish in Namirembe. Godfrey had just gotten out of school by then. Fish is a popular delicacy in Mpigi and other neighboring areas. His business generates him 100,000 UGX weekly. Godfrey also ekes out side profits from a farm produce sales business. He plans to use this loan to buy more fishing nets. Godfrey is affiliated with Wealth Archievers group-Mpigi.

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
  • 176
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,347.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Wealth Archiever's Group-Mpigi's $2,250 loan helped a member to purchase fishing nets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011