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Kikooza G(V) Group
In this Group: Rest, Irene, Hadijah, Racheal, Jane
The group leader of this small group is Resty N.. She is currently in the restaurant business and is requesting a loan of UGX 1000000 to buy food warmers. Resty is 38 years old and is single. Each week, Resty makes approximately UGX 30000 in profits, and with the extra profits from her loan, she hopes to be able to buy a plot of land. Resty is joined in her small group by Irene N., Hadijah N., Racheal N., and Jane Nanya. Irene N. is currently in the business of used clothing and is requesting a loan of UGX 800000 to increase her stock. Hadijah N. is currently in the business of fresh foods and is requesting a loan of UGX 500000 to expand the business. Racheal N. is currently in the business of fresh foods and is requesting a loan of UGX 300000 to increase her stock. Jane Nanya is currently in the business of selling matooke and is requesting a loan of UGX 1000000 to add to her stock.

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
  • 192
    View loans »
    Uganda Loans Fundraising
  • $29,133,525
    Funds lent in using Kiva
  • 1,710.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kikooza G(V) Group's $2,000 loan helped a member to buy a fridge and expand the restaurant business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 5, 2008
Listed
Apr 16, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009