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Kanyansheko Bakyara Twimukye Group, Ibanda
In this Group: Vincent, Innocent, Edra, Bonny, Wilson, Oliver, Nekemiya, Gastone, Margaret, Edmond, Jane, Dativa, Jacenta, Agnes, Beatrice
B. Vincent is the leader of Kanyansheko bakyara group in Ibanda. He is 42 years old, married, and has 4 children. He has a salon business where he works on ladies' and men’s hair. He also sells hair oils and chemicals. He employs one person and he is able to make 70,000 as weekly profits.

Vincent is also involved in the sale of matooke (green fruit of the banana family, prepared by steaming), mostly from his plantations. He does buy some matooke from other farmers. He has had this business for 5 years and he started it with a loan. He is so happy that the business worked for him the first time. He needs a loan to be able to modernize his business by buying more furniture and oils for his customers.

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
  • 257
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,365.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kanyansheko Bakyara Twimukye Group, Ibanda's $4,950 loan helped a member to buy more furniture and oil for his customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 6, 2012