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Marach B(Iv) Group
In this Group: Esther, Christine, Margret, Betty
The leader of this small group is Esther N.. She is currently in the business of charcoal selling and is requesting a loan to expand her charcoal business. Esther is 48 years old and is married with a husband who is a businessman. She has 5 children ranging in age from 5 to 18 and her children go to school. Each week, Esther makes approximately UGX 50000 (US$29.00) in profits and, with the extra profits from her loan, she hopes to be able to pay rent for the charcoal store and school fees for the children. Esther took a loan from BRAC Uganda before in the amount of UGX 500000 (US$291.00) to invest in her business and the loan was paid back on time.

Esther is joined in her small group by Christine S., Margret N. and Betty A.. Christine S. owns a small hotel and wants to buy more furniture and hotel equipment. Margret N. currently sells matooke (plantain) and wants a loan to increase her stock. Betty A. sells charcoal and wants to expand her business.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

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

  • $1,800
    Average annual income
  • 286
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Marach B(Iv) Group's $1,600 loan helped a member to expand charcoal business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 15, 2008
Listed
May 12, 2008
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2009