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Kacerere Women's Group A
In this Group: Monic, Charles, Frank, Penninah, Marion, Disimus, David, Herbert, Baram, Jackson, Fastina, John, Amos*, Winnie, Deus, Yonat*, Grace
* not pictured
Monic is 32 years old and the happily married mother of four. For the past decade, she has operated a bicycle-repair business. Prior to that she was engaged in agriculture, but a close friend prevailed on her to try a hand at this business. Monic’s business is in Ntungamo town where there are many commercial bicycle riders commonly known as boda boda. These are her daily clients. She earns 240,000 UGX a week in profits.

Monic is requesting a loan to purchase more bicycle spare parts. She figures this will give her an advantage over her competition.

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
  • 268
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,405.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kacerere Women's Group A's $3,825 loan helped a member to purchase bicycle spare parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2011
Listed
Jun 13, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012