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Lugoba A 2021(Iv) Group
In this Group: Peace, Jane, Ruth, Cathy, Esther
The group leader of this small group is N. Peace. She is currently in the business of operating a drug shop and is requesting a loan of UGX 800,000 to purchase more drugs to sell. N. is 39 years old and is married. She has 3 children ranging from age 3 to 7, all of whom go to school. Each week, N. makes approximately UGX 50,000 in profit and combined with the extra profits from her loan, she hopes to be able to save it for future use. N. is joined in her small group by Jane N., Ruth N., Cathy B., and Esther B.. Jane N. is currently in the business of tailoring and is requesting a loan of UGX 400,000 to buy more cloth material.


Ruth N. is currently in the business of running a nursery school and is requesting a loan of UGX 800,000 to construct a new classroom.


Cathy B. is currently in the business of selling hardware and is requesting a loan of UGX 800000 to increase her stock. Esther B. is currently in the business of running a retail shop and is requesting a loan of UGX 500 000 to buy a fridge and increase 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
  • 366
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 1,720.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Lugoba A 2021(Iv) Group's $1,925 loan helped a member to add medicine to her drug shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 22, 2008
Listed
Feb 8, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 8, 2009