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Marach D(Vi) Group
In this Group: Hafuswa, Hajara, Fatuma, Fatuma
The leader of this small group is Hafuswa Namboozo. She is currently in the business of selling new clothes and is requesting a loan to increase her stock of clothes. Hafuswa is 24 years old. Each week, Hafuswa makes approximately UGX 20000 in profits and with the extra profits from her loan, she hopes to be able to help her husband in the construction of their new house. Previously, Hafuswa had a loan from BRAC Uganda in the amount of UGX 150000 in order to invest in her business, and the loan was paid back on time. Hafuswa is joined in her small group by Hajara A., Fatuma J. and Fatuma N.. Hajara A. has a business selling used clothes and wants to expand her business. Fatuma J. is currently operating a retail shop and wants a loan to purchase additional stock. Fatuma N. operates a business selling used clothes and wants to expand the business.

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
  • 298
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    Funds lent in using Kiva
  • 1,710.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Marach D(Vi) Group's $1,250 loan helped a member to expand clothing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 11, 2008
Listed
Jun 2, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009