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Migyera Development Group A
In this Group: Moses, Benon, Dennis, Benon, Eliphaz, Ephram, Velian, Gard, Ephram, Gideon, Lauben, Dinah*
* not pictured
32-year-old Moses is an industrious and arduous timber sales businessman. His operating base is in Kihihi. The happily married father of four has six years experience in this business. That experience has built in him a persevering spirit which has been abetted by his hard work and determination.

Moses also does some small-scale farming. He says he is casting his mind to the future, anticipating better prospects for his business. Weekly the timber sales trade generates shillings 150,000 as sales profit. With this loan, he says he is going purchase more timber 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

  • $1,500
    Average annual income
  • 311
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,398.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Migyera Development Group A's $3,075 loan helped a member to purchase more timber to resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
Jun 11, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 2, 2012