Check out some available loans that are similar to this one!
Banda B8 D Group
In this Group: Agnes, Edith, Betty, Teopista, Gorette
The group leader of this small group is Agnes M.. She is currently in the business of clothing sales and is requesting a loan to expand the clothes business. Agnes is 32 years old and is married. She has 2 children, aged 4 and 9, and her children go to school. Each week, Agnes makes approximately UGX 60000 in profits, and with the extra profits from her loan, she hopes to be able to buy a piece of land. Agnes has taken a loan from BRAC Uganda before in the amount of UGX 200000 in order to invest in her business, and the loan was paid back on time.

Agnes is joined in her small group by Edith T., Betty N., Teopista N., and Gorette B.. Edith T. has a business in tailoring and wants to buy another sewing machine. Betty N. is currently operating a business in selling airtime/credit cards and wants a loan to add to the business. Teopista N. operates a beauty salon business and wants to buy more salon equipment like hair oils and mirrors. Gorette B. is currently in the canteen business and is requesting a loan to stock more goods and snacks.

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
  • 223
    View loans »
    Uganda Loans Fundraising
  • $29,092,125
    Funds lent in using Kiva
  • 1,703.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Banda B8 D Group's $1,250 loan helped a member to trade large quantities of clothes and thus make more profits.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 12, 2008
Listed
Jun 3, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009