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Nyakyanika 11 Women Group
In this Group: Damas, Beatrice*, Geogina , Sarah, Jackline, Mary, Ronald, Florence, Seseriya, Johnson, Sarah, Amon, James, Stephen, Eujenio, Anthony
* not pictured
Damas is 26 years old and married with four children living in Masindi, Uganda. He is a member of Nyakyanika Group where each member guarantees the other in accessing a loan. His family goal is to start up a small business for his wife to supplement the family income. He is a fishmonger and he has been in the business for four years. He started the business with 100,000 shillings but now it has grown to 1,500,000 as his working capital. His challenge is price fluctuation and the difficulty of transporting the fish due to poor feeder roads. Damas needs the loan to buy fish 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

  • $1,500
    Average annual income
  • 266
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,765.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakyanika 11 Women Group's $1,850 loan helped a member to buy fish to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2011
Listed
Sep 22, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2011