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Kibuuka B Group
In this Group: Ruth, Teopista, Gidah, Florence, Hanifah
The group leader of this small group is Ruth N.. She is currently in the business of selling clothes and is requesting a loan to purchase more clothes to sell. Ruth is 23 years old and is single. Each week, Ruth makes approximately UGX 78000 in profits and with the extra profits from her loan, she hopes to be able to add it to her business. Ruth has taken a loan from BRAC Uganda before in the amount of UGX 200000 in order to add to her clothing business and the loan was paid back on time.

Ruth is joined in her small group by Teopista N., Gidah T., Florence N., and Hanifah N.. Teopista N. has a business in charcoal sales and wants to construct a charcoal shade. Gidah T. is currently operating a retail shop business and wants a loan to add more stock. Florence N. operates a business selling shoes and wants to add capital stock. Hanifah N. is currently in the business of selling raw food and is requesting a loan to purchase more food in bulk.

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

  • $1,800
    Average annual income
  • 287
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 1,708.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kibuuka B Group's $1,025 loan helped a member to stock large volumes of clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 17, 2008
Listed
Jul 7, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009