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Nyakabungo Bakyara Tukore Group
In this Group: Benon, Richard, Jalia*, Yonia, Robert, John, Francis, Luke*, Rosemary, Annah, Edvina
* not pictured
He is a product of an environment where people lay great store on the values of diligence. In Ntungamo, where he plies his animal sales business of principally goat herding and sales from it, people pull out all the stops and explore all avenues to succeed or to alleviate themselves of their narrow circumstances. Diligence here is like a legacy handed down. Most youth who hail from Ntungamo are well-known sticklers for unwavering hard work.


The referenced person above goes by the name of Benon, a 44-year-old father of six who, on the face of it, radiates nothing but warmth, humor and confidence. It's now 13 years in this enterprise.


By and large, his business successes outweigh his shortcomings but making the best out of bad bargains is a philosophy he was taught and still reckons up to now.


His auxiliary business is farming. Farming was literally his maiden business.


Weekly, this business's gross sales revenue is to the sum of Uganda shillings 100,000.


For Benon, this is his second loan cycle. Some other members in his group are in their fourth cycle and some on their first cycle. The repayment record for the group has been up to the mark. Benon intends to use this Kiva loan to purchase more goats 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
  • 172
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,775.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakabungo Bakyara Tukore Group's $1,475 loan helped a member to purchase more goats to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2011
Listed
Aug 28, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 3, 2012