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Ageteraine Kidindimya Group
In this Group: Yostas, Nalisensio, Medius, Julius, Paul, Joseph, Lauben, Joseph , Boneventura, Vicent , Geofrey, Margret, Vicent

Update on Ageteraine Kidindimya Group

Joseph needs another loan to buy new shaving machines. The 41-year-old man is a very active member of the above named group. His major challenge is the current low power supply in the country. His dream is to buy a generator and new shaving equipment for his barber shop.

Previous Loan Details

Joseph, 40, is married and the father of seven children. The family lives in a house in the Kyenjojo district of Uganda. He is a member of Ageteraine Kidindimya group in which each member guarantees the other members’ loan repayments. Having started as a farmer, Joseph saved enough money to s... More from Ageteraine Kidindimya Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 290
    View loans »
    Uganda Loans Fundraising
  • $31,075,950
    Funds lent in using Kiva
  • 2,410.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ageteraine Kidindimya Group's $2,050 loan helped a member to buy new shaving machines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2012
This photo was used before for a previous loan for Ageteraine Kidindimya Group. It was first posted on Kiva on Jul, 2011. Learn More