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Basoka Kwavula Development Group
In this Group: Jackson, Samuel, Sarah, Hasfa, Thomas, Livingstone, Robert
Jackson is a 40-year-old ambitious businessman who relies on a food-sales business to provide for his family of 6. Jackson is happily married and he says his wife invariably helps him out at the food-market stall in Kayunga where he sells food. He has 3 years experience in running this business, where he principally sells bananas.

Bananas are a staple food in most parts of Uganda and a seller cannot go wrong with sufficient reserves. In Jackson's case, farming has helped a lot. The fact that he is able to harvest bananas from his own gardens to sell has been pivotal. Jackson also sells cattle. He says his weekly sales profits are about 180,000 Ugandan shillings. With this Kiva loan, he says he is going to purchase high-grade manure for his banana farm.

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
  • 156
    View loans »
    Uganda Loans Fundraising
  • $28,677,475
    Funds lent in using Kiva
  • 2,385.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Basoka Kwavula Development Group's $1,500 loan helped a member to purchase high-grade manure for his banana farm.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 17, 2011
Listed
Jun 7, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012