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One Family Enterprise-Ibanda Group
In this Group: Augen, David, Deudant, Phionah, Variano, Apollo, Monicah, Sinani*, Justus, Kellet
* not pictured
Thirty-two year old S. Augen has been at the helm of a pharmacy business in Buhembe trading center, Ibanda, for the past eight years. Augen is married with 3 kids and he says the skills he acquired while training as a pharmacist have benefited him greatly. Weekly this business brings in shillings 100,000 as profits. With this loan, he wants to restock his pharmacy with more drugs to resell.

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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $31,032,525
    Funds lent in using Kiva
  • 2,405.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of One Family Enterprise-Ibanda Group's $2,125 loan helped a member to purchase more drugs for resale at his pharmacy.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Mar 19, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012