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Nakyesa Widows Group
In this Group: Moses, Harriet, Julius, Didas, Richard, Justine
M. Moses, 35, operates a butcher shop in Nakyesa-Kayunga. The happily married father of 10 says his business has been in existence for eight years now.

He was previously a farmer. After his savings had accumulated from the crop sales he made, he decided to try out some other business venture in the form of this butcher shop.

Weekly, he says, he can make profits to the tune of 150,000 UGX. With this loan, he is going to buy more cow meat to resell at his butcher shop.

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

  • $1,500
    Average annual income
  • 366
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,375.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nakyesa Widows Group's $2,325 loan helped a member to purchase more beef to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
May 3, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012