Namunina B(I) Group
Mary is joined in her small group by Ronnah B., Lukia M., Fatumah K., and Joyce M.. Ronnah B. is currently in the sand business. She is requesting a loan of UGX 500,000 to re-invest in her business. Lukia M. currently runs a retail shop and is requesting a loan of UGX 600,000 to increase her inventory stock. Fatumah K. is currently in the restaurant business and is requesting a loan of UGX 500,000 to buy more furniture. Joyce M. is currently in the piggery business. She is requesting a loan of UGX 500,000 to buy more piglets.
About BRAC UgandaThis 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.
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Success!! The loan was 100% repaid