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Ageteraine Kitutu Group
In this Group: Emmanuel , Lipisa, Prossy , Kazimil, Mugarura, Alex, John, Lawrence, Charles, Joseph, Fred
Lipisa is a 41-year-old married lady with one child who runs a retail shop in Kagadi, Uganda. The business is now three years old. She started it with capital she got from farming. Price fluctuations and inflation is the major factor affecting her business.

Lipisa's goal is to build a permanent home and to expand her business into new markets. She needs a loan to purchase sugar, rice, maize flour and sodas to sell. Lipisa is a member of Ageteraine Kitutu where members guarantee each other in order to access a loan.

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
  • 313
    View loans »
    Uganda Loans Fundraising
  • $30,637,850
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ageteraine Kitutu Group's $3,025 loan helped a member to purchase sugar, rice, maize flour and sodas to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Jan 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012