Check out some available loans that are similar to this one!
Bagulete I B Group
In this Group: Jane, Ruth, Lovisa
Jane M. is a 30-year-old mother of five young children. She makes a living by running a retail store in Kamuli, Uganda, and wishes to buy more merchandise to expand her store. Currently, she earns 20,0000 Ugandan shillings, or 12 U.S. dollars, each week. With the extra profits, she plans on covering basic needs, such as home repairs, clothes, and mandatory school fees.



Jane has applied for a loan of $825 U.S. dollars along with two other women. In this type of group loan, the money is divided among each woman to invest in her own business. They guarantee each other's loans, so that if one woman can't repay it, the others will cover her share. Ruth B. hopes to grow her grocery store, and Lovisa K. wants to expand her retail shop. Jane has taken out a loan before and paid it back on time, so she is confident that she will be able to repay this one as well.

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
  • 158
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 1,702.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bagulete I B Group's $825 loan helped a member to buy more merchandise to expand a retail store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 9, 2008
Listed
Jun 5, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009