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Rwemengo Tumanyane Group, Ibanda
In this Group: Prosper, Ednansi, Ennid, Amos, Marius, Wilson, Denis, George, James, Peace Rwemengo , Gaude, John, Jarmson, Innocent, Emeldah, Agnes, Rwemengo Judith, Ennock, Donard, Celesensio, Dinnah, Ambrose, Aggrey, Robert, Alex*, Silver*, Jane*
* not pictured
K. Prosper is the leader of Rwemengo Tumanyane group in Ibanda. He is 53 years old and married with seven children, out of whom four are in school. Prosper has a grocery store plus being in charge of selling produce, which includes selling coffee, beans and bananas, and he is able to make over $22 in weekly profits. His store is in the Rwemengo trading center.

Fourteen years ago he started his business after selling a cow. He is very hard working and social and he says that working with his wife has enabled him to succeed. He is also involved in the sale of milk from his cows and this supplements his income. He needs a loan to be able to purchase produce for the 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

  • $1,800
    Average annual income
  • 308
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,322.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwemengo Tumanyane Group, Ibanda's $4,500 loan helped a member to purchase produce for the store.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2011
Listed
Apr 14, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012