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Buhembe Traders Association Group
In this Group: Geoffrey, Allen, Joy, Poritazio, Jackson, Robert, Geofrey, Wilson, Bashir, Deo
Geoffrey is a 45-year-widowed father of five children in the Ibanda district in western part of Uganda. He derives his livelihood through the sale of milk and ghee. The western part of Uganda is known for producing large quantities of milk and bananas, and Geoffrey is someone who has taken advantage of the opportunities offered by his location. He has cows of his own from which he gets milk to sell. However, because the milk his cows produce is not enough, Geoffrey travels and buys more milk to resell at the Buheme Diary Centre. He is described as a hardworking man and he has steadily handled his business for four years. Geoffrey earns 100,000 UGX in weekly profit and makes additional income from rentals and sometimes from selling his cattle.

Geoffrey is requesting a loan to buy more milk to resell to get more profits. He thinks positively about the future and plans to buy his own milk cooling system as well as educate children to university levels.

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
  • 222
    View loans »
    Uganda Loans Fundraising
  • $29,120,000
    Funds lent in using Kiva
  • 2,605.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Buhembe Traders Association Group's $1,700 loan helped a member to buy milk to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 6, 2012