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Kitunga Tukore Group, Kihihi
In this Group: Ivan, Francis, Naris, Arthur, Robert, Ronald, Hosten, Ismail, Amon, Anthony, Suzario, Emmanuel
T. Ivan is the leader of the Kitunga Tukore group in Kihihi. He is 27 years old, married, and has one child. He has a retail shop that deals in general merchandise at the Kanyasti trading center in Kitunga. From this business he is able to generate 400,000 UGX monthly in income. He is also involved in the selling of tea leaves and it is from this business that he got the capital to open up a retail shop.

Ivan is very hard-working and his dream is to educate his children and expand his business. He is quick to say that the loans have enabled him to improve his business working capital and he is very grateful for that. He needs a loan to be able to buy more sugar, salt, cooking oil and other items for 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

  • $1,800
    Average annual income
  • 239
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,365.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kitunga Tukore Group, Kihihi's $2,800 loan helped a member buy sugar, salt, cooking oil, and other items for his store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012