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Teo's Group
In this Group: Teo, Josephine, Stella, Rashid, Teo, Frank, Deborah, Annet
N. Teo, the chairperson of her group, is not married and has 4 children. For 11 years, She has been selling fresh fish to companies and traders in Kamwokya, Ntinda, and Bukoto, the neighboring towns.

Her group has been together for 5 years and all members have successfully repaid their loans. Teo is requesting a loan to offset the current high price of fish. She wants to expand her business by buying more fish.

Additional Information

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
  • 146
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 1,714.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Teo's Group's $3,175 loan helped a member teo wants to buy more fish with the loan.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 18, 2008
Listed
Mar 1, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 18, 2008