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Banda B7 D Group
In this Group: Agnes, Gloria, Betty, Aisha, Nakazzi
The group leader of this small group is Agnes K.. She owns a retail shop and is requesting a loan to increase inventory. Agnes is 40 years old and is divorced. She has 3 children ranging from age 11 to 15 and her children go to school. Each week, Agnes makes approximately UGX 40000 in profits and with the increased profits from her loan, she hopes to buy a piece of land Agnes has taken a loan from BRAC Uganda before to invest in her business and the loan was paid back on time. Agnes is joined in her small group by Gloria N., Betty N., Aisha Nakafero, and B. Nakazzi. Gloria N. has a business in arts and craffs and wants to expand business. Betty N. is currently operating a business in livestock farming and wants a loan to expand her piggery business. Aisha Nakafero operates a business of clothing sales and wants to add inventory. B. Nakazzi is currently in the business of used clothing and is requesting a loan to 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
  • 282
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 1,715.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Banda B7 D Group's $1,525 loan helped a member to increase inventory in retail shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 6, 2008
Listed
Feb 19, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009