Check out some available loans that are similar to this one!
Wanyange Lake K C Group
In this Group: Shallot, Florence, Jenifer
The group leader of this small group is Shallot K.. She is currently in the business of selling new clothes and is requesting a loan to increase her capital stock. Shallot is 48 years old and is married with a husband who is a driver for work. She has 5 children ranging from ages 9 to 23 and her children go to school. Each week, Shallot makes approximately UGX 49000 in profits and with the extra profits from her loan, she hopes to be able to add to her business. Shallot has taken a loan from BRAC Uganda before in the amount of UGX 300000 in order to buy new clothes and the loan was paid back on time.

Shallot is joined in her small group by Florence N. and Jenifer K.. Florence N. has a business selling clothes and wants to expand the business. Jenifer K. is currently operating a retail shop business and sewing business and wants a loan to add more stock and also purchase a bicycle.

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
  • 247
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 1,708.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Wanyange Lake K C Group's $775 loan helped a member to add working capital to clothing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 12, 2008
Listed
Aug 4, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009