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Ntungamo Kwetungura Group
In this Group: Lauben, Justine, Juliet, Nongata, Edward, Jovulance, Scovia, Richard, Lovance, Beatrice, Flora, Francis, Molly*, Benon*, Provia, Juliet, Rosette*
* not pictured
M. Lauben is the leader of the Ntungamo Kwetungura group in Ntungamo. He is 34 years old and married with five children. Four of the children are still in school. Lauben is into the business of selling produce like beans, millet and coffee from Ntungamo. He sells mostly to locals. Hard work and being social have enabled him to succeed. He is able to generate 200,000/= monthly after a long period of seven years in business. A friend introduced him to the business and his dream is to be able to educate his children as well as buy farm land. He has been able to buy cows for his kraal (an enclosure for livestock). He needs a loan to be able to buy more produce and a cow for business expansion.

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
  • 309
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,385.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ntungamo Kwetungura Group's $3,025 loan helped a member to buy more produce and a cow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2011
Listed
May 9, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012