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Magoma Nezikokolima Group
In this Group: Buwembo, Emmanuel, Pascal, Sande*, John, Vicent, Kizito, Margret, Kasibante, Essau, Augustine, Junior*, Sylvia
* not pictured
40 year old Buwembo has been in the construction business for 24 years now. Through these years, he says he has gone through the full mill of construction work and his confidence at succeeding in this type of business has always been sky high. In Mityana, like in many other areas in Uganda,the construction business is booming. This means people like Buwembo can get work on a regular basis. Buwembo is happily married with 6 kids and he says he began this business with the financial help of a close friend in Mityana town. Before that, he was engaged mostly in farming. He still finds time to do farming as it is a business from which he has been eking out side income. Per week, he says this business churns out 90,000 shillings as income. With this loan, Buwembo says he is going to purchase more land to do large scale farming.

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
  • 231
    View loans »
    Uganda Loans Fundraising
  • $31,010,850
    Funds lent in using Kiva
  • 2,421.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Magoma Nezikokolima Group's $3,225 loan helped a member to purchase land to do more large scale farming.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 20, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012