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Bazira Community Bank Group
In this Group: Faridah, Fatuma, Amina, Hadija, Aisha, Iddi, Madina, Hadijah, Kamiat, Jameo, Jalia, Hassan, Hadijah, Shakira, Ahmed*, Faridah, Muhammed
* not pictured
Twenty-nine-year-old Faridah N. has been subsisting on a food sales business in the heart of Mpigi Food market for the past 3 years. What has been playing in her favor is the fact that she is a farmer. She sells mostly bananas, cassava, maize and cabbage. The happily married mother of 4 has built a track record of hard work and determination over the few years she has been in business. Coupled with her tenacity, civility and good human relationship skills, Faridah anticipates a bright future in her business.

Faridah has borrowed a loan before and she has built a pedigree of paying back her loans on time. Faridah says she began this business after the completion of school. She also ekes out additional profits from a small fish sales business. Weekly, her food sales trade generates her profits to the tune of 150,000 UGX and she says with this loan, she is going to purchase more foods like rice, potatoes and beans 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
  • 256
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,370.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bazira Community Bank Group's $4,825 loan helped a member purchase food such as rice, potatoes and beans to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
Apr 28, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012