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Kiribedda Savings And Credit Farmers Group-Mityana
In this Group: Said, Milton, Joyce, Isaac, Tom , Joseph, Scovia, Jane, Stephen, Margret, Norah, Jane, Viola, Reginah, Peace, Peus*, Teo, Juliet, Leotina, Benard, Sulaiman*, John, Lawrence
* not pictured
B. Said is 63 years old and is now 2 years down the road in his charcoal sales business in Bujeeru-Mityana. He says he began this business after moral support from one of his closest friends. Before that Said, who is married with 12 kids, was a farmer. Weekly, this business brings in 40,000 UGX profits and he says with this loan he is going to purchase more firewood to burn and make more charcoal. Said belongs to Kiribedda Savings and Credit Farmers Group-Mityana.

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
  • 285
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,400.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kiribedda Savings And Credit Farmers Group-Mityana's $4,475 loan helped a member to purchase more firewood to make more charcoal.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2011