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Lufula B(Iii) Group
In this Group: Irene, Eva, Jane, Muwagibu, Suzan
Irene is 30 years old and a widow with three children. She has a retail shop. Eva and Jane want to use the loan to purchase more goods for their retail shops. Suzan sells fruits and vegetables. Irene wants to use the extra profits to pay school fees for her children.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 311
    View loans »
    Uganda Loans Fundraising
  • $30,647,875
    Funds lent in using Kiva
  • 1,700.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Lufula B(Iii) Group's $900 loan helped a member to increase inventory in her retail shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 25, 2008
Listed
Feb 10, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 8, 2009