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Rapid Women Group
In this Group: Emmanuel, Betty, Lucy, Atua, Wilfred, Oliver, Abdul, Bidong, Paul, Monica, Christine
Emmanuel is 57 years old, married with three children, living in Masindi, Uganda. He got money from repairing motor vehicles and now he deals in the sale of motor vehicle spare parts. His dream is to construct houses for rent and increase his family income. The fact that workers are unreliable hinders his business, and his dream is to expand his shop and also set up a modern garage.

Emmanuel wants a loan to buy motor vehicle spare parts for sell. He is a member of Rapid Women Group where members guarantee each other in order to access a loan. Initially the group was for women and later they agreed to include men but retain their name.

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
  • 287
    View loans »
    Uganda Loans Fundraising
  • $31,111,650
    Funds lent in using Kiva
  • 2,340.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rapid Women Group's $1,700 loan helped a member to buy motor vehicle spare parts to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Feb 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2012