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Kabende Tukurakurane Group
In this Group: John, Lovis , Venerandah, Dennis, Josephine, Henry, Deogratius, Yohana, Anapoli, Francis, Robert, September, John, Sarapio, Justus
John is a hardworking young man, married with two children living in Fort Portal, Uganda. He owns a carpentry workshop that he has been operating for the last six years and faces the challenges of price fluctuations and inflation. In spite of this, John has a dream of expanding his business into new markets and have a more permanent location.

Targeting the Christmas season, he needs the loan to buy wood, mattresses and covers to use to make furniture to sell.

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

  • $1,800
    Average annual income
  • 231
    View loans »
    Uganda Loans Fundraising
  • $31,010,850
    Funds lent in using Kiva
  • 2,582.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kabende Tukurakurane Group's $2,925 loan helped a member to buy wood, mattresses and covers to use to make furniture to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 26, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012