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Rasta's Group
In this Group: Rasta, Tito, Kerisi, Fabious, Agye
Rasta's group is comprised of six hard working women. Rasta is 22 years old and lives in the town of Kamwenge in the Fort Portal region of Uganda. She is married and has three children, two of whom are currently in school. For the past year, Rasta has been working hard to manage her small shop, which sells dried foods.

To help expand her business, Rasta has requested a loan of 350,000 Ugandan Shillings (UGX) from BRAC Uganda. The loan will be used to purchase more food like maize and beans for resale, and will help Rasta to generate greater profits and pay for her children's school fees. Rasta hopes that in the future she will be able to buy a plot of land and build a house.

Rasta is a member of BRAC's Empowerment and Livelihood for Adolescents (ELA) program. In addition to microfinance loans, the program provides both a safe place for young Ugandan women to take part in group activities, and a forum for life-skills training. The ELA program has increased Rasta's future prospects by helping her to learn how to save money.

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
  • 144
    View loans »
    Uganda Loans Fundraising
  • $28,287,225
    Funds lent in using Kiva
  • 2,591.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasta's Group's $550 loan helped a member to purchase more food like maize and beans for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012