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Rusayumbe Abamwe Group
In this Group: Denis, Lawrence, David, Wilber, Deus, Innocent, Deus, Geofrey, Annet, Robert, Lauben, Justine, Jane, Nicholas, Bosco, William G, Florence, Specioza, Monica, Valerian, James, Adonia, Mary Faibi, Alozio

Update on Rusayumbe Abamwe Group

David requests another loan to plant soya beans. He used the previous loan to pay workers who cleared land that was used to grow maize.David harvested thirty sacks of grain from the land. He says that the whole group benefited from the previous loans. David wants to buy more land for farming.

Previous Loan Details

David is a 47-year-old father of ten children who has been doing crop farming for 32 years. He has been a farmer for most of his life. He dreams of becoming a model farmer and building a permanent house for his family. He wants a loan to pay labor for clearing his farm land for cultivating. More from Rusayumbe Abamwe Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 272
    View loans »
    Uganda Loans Fundraising
  • $31,080,425
    Funds lent in using Kiva
  • 2,885.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Rusayumbe Abamwe Group's $3,850 loan helped a member to buy soya beans to plant.
98% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Oct 22, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015
This photo was used before for a previous loan for Rusayumbe Abamwe Group. It was first posted on Kiva on Oct, 2010. Learn More