Check out some available loans that are similar to this one!
Kireka A6 (I) Group
In this Group: Sofia, Zamu, Rehema, Joweria, Eflansi
The group leader of this small group is Sofia M.. She is currently in the business of running a restaurant and is requesting a loan to construct bigger business premises. Sofia is 48 years old and is married. She has 7 children ranging from age 18 to 30 and four of them go to school while the other three work. Each week, Sofia makes approximately UGX 120000 in profits and with the extra profits from her loan, she hopes to be able to set up another restaurant. Sofia has taken a loan from BRAC Uganda before in the amount of UGX 500000 in order to invest in her business and the loan was paid back on time.

Sofia is joined in her small group by Zamu N., Rehema N., Joweria N., and Eflansi N.. Zamu N. has a business running a restaurant and wants to purchase more utensils. Rehema N. is currently operating a business selling tomatoes and wants a loan to start up a restaurant business. Joweria N. operates a business selling hardware and wants to start a poultry farming business. Eflansi N. is currently in the business of baking cakes and is requesting a loan to purchase a baking machine.

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
  • 421
    View loans »
    Uganda Loans Fundraising
  • $30,368,625
    Funds lent in using Kiva
  • 1,708.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kireka A6 (I) Group's $1,700 loan helped a member to add to restaurant business and boost it.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 4, 2008
Listed
Jul 7, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009