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Nabweru South B-2079(Iv) Group
In this Group: Aida, Grace, Harriet, Afua, Irene
Aida is 30 years old and divorced with three children. She sells used clothes to earn a living. She wants to use the extra business profits to start purchasing fruits and vegetables for sale. Grace sells raw foodstuffs and wants to use the extra profits to add inventory. Afua offers catering services; she wants to purchase more untensils with the loan. Grace and Irene sell new clothes and they want to use the loan to increase their stock. Note: 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

  • $1,500
    Average annual income
  • 103
    View loans »
    Uganda Loans Fundraising
  • $28,253,000
    Funds lent in using Kiva
  • 1,700.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nabweru South B-2079(Iv) Group's $1,100 loan helped a member to purchase more clothes thus enlarge business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 26, 2008
Listed
Feb 12, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 8, 2009