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Frank Yamundu Group
In this Group: Meresi, Sadress , Deo, Mavelina, Teopista, Faith, Edwizi, Rossett, Elathon, Birungi, Robert, Harriet, Juliet, Magdalen
Meresi is a 32-year-old married woman with ten children who owns a house in Kasese, Uganda. She has been in the produce business, specifically selling groundnuts and beans, for two years. She started out with 200,000 UGX and now has 500,000 UGX as her working capital. Her hardship is the high prices for agricultural commodities, making her fail to purchase enough to meet her customers' demands. Her dream is to own a food store. Meresi needs this loan to purchase beans and groundnuts to sell.

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
  • 234
    View loans »
    Uganda Loans Fundraising
  • $31,031,950
    Funds lent in using Kiva
  • 2,785.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Frank Yamundu Group's $1,525 loan helped a member to buy beans and groundnuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2012