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Rugando Farmers And Traders Association Group  A
In this Group: Grace, Varisti, Benon, Noredah, Jovlet, Ireen, Emmanuel, Edith, Stephen, Iddi*, Annet*, Asuman
* not pictured
Grace, a 31-year-old happy-go-lucky, self-assured and strong-willed mother of four, is a timber sales businesswoman operating from Kihihi in Western Uganda. She has been in this business for the past six years and she says what keeps her going is the ready market for timber in most parts of western Uganda.

Most of her clients are carpenters. Most of these carpenters purchase timber to make wooden chairs, side boards, doors and desks, which they sell.

On the side, Grace also has a tea farming business that she says brings in extra income for her.

Grace says she is requesting this Kiva loan to 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
  • 158
    View loans »
    Uganda Loans Fundraising
  • $28,711,775
    Funds lent in using Kiva
  • 2,555.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rugando Farmers And Traders Association Group A's $2,650 loan helped a member to purchase more timber to resell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jul 20, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 6, 2012