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Kigoyera Marketing Cooperative B - Kyenjojo Group
In this Group: Peter, Kalid, John, Christopher, David, Emanuel, Joram, Milton, Rozio, Vanasio, Robert, Alice
Peter K. is the leader of the Kigoyera Marketing Cooperative B group in Kyenjojo. He is 45 years old and married with seven children, three of whom are still in school. Peter deals in produce, which includes maize, beans, cassava and so on, from Kigoyera. He works with his wife. He has a well-stocked store and his customers are mostly big grocery owners.

He is able to make 80,000 Ugandan shillings as weekly income from this business he started two years ago. Before, he had a livestock business from which he accumulated capital in addition to the loan to begin his produce-selling business. His dream is to educate all his children to university as well as to purchase a truck to help in his business. He needs a loan to be able to increase stock in his store.

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
  • 152
    View loans »
    Uganda Loans Fundraising
  • $28,307,700
    Funds lent in using Kiva
  • 2,403.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kigoyera Marketing Cooperative B - Kyenjojo Group's $1,600 loan helped a member to increase stock of maize, beans and cassava flour in his store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2011
Listed
Mar 29, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2011