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Budumuli East B C Group
In this Group: Nassim, Nalongo, Nusula, Christine, Habiba, Hadijja
The group leader of this small group is Nassim N.. She is currently in the business of tape recording and CD writing and is requesting a loan to purchase a computer. Nassim is 22 years old and is married. Her husband is a matooke supplier. She has 2 children ranging from age 2.5 to 7 and her children go to school. Each week, Nassim makes approximately UGX 70000 in profits and with the extra profits from her loan, she hopes to be able to buy basic household needs. Nassim has taken a loan from BRAC Uganda before in the amount of UGX 400000 in order to buy a CD player and the loan was paid back on time.

Nassim is joined in her small group by Nalongo N., Nusula N., Christine M., Habiba B. and Hadijja N.. Nalongo N. has a business selling chairs and wants to purchase a carpentry machine. Nusula N. is currently operating a business in used clothing sales and wants a loan to buy more clothes. Christine M. operates a business of selling used clothes and wants to add more stock. Habiba B. is currently in the business of selling old clothes and is requesting a loan to increase inventory. Hadija N. sells used clothes and wants to stock more clothes with the loan.

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
  • 232
    View loans »
    Uganda Loans Fundraising
  • $31,010,850
    Funds lent in using Kiva
  • 1,708.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Budumuli East B C Group's $1,575 loan helped a member to increase capital stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 26, 2008
Listed
Aug 2, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009