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Kugumikiriza Group
In this Group: Ben, Jane, Simon, Paul, Stella, Amina, Ivan, Catherine, Edrine
Thirty-year-old Ben T. has been operating his general merchandise retail shop for the past decade in Mailo Mbili-Jinja. Ben, the father of two, says this worthwhile business undertaking has enabled him to make strides in many aspects of his life. Not everything has come easily, but he has banked on his diligence and tenacity to stabilize his business, which generates a weekly profit of shillings 100,000. Ben will use this loan to purchase more general merchandise stock 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
  • 241
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,370.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kugumikiriza Group's $2,575 loan helped a member to purchase more general retail stock to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 22, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011