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Butunduzi Fal Instructors Group
In this Group: Joy, Vanice, Wallen, Marisera, Denis, Peninah, Stephen, David, Stidia, Francisco, Ketty, Irene
Joy is a 36-year-old woman. She lives in a semi-permanent house in Kyenjojo, Uganda. She is charged with the responsibility of looking after her children and her desire is to educate them through higher institutions of learning. She is a farmer with eight years of experience. Her business remains feasible although she faces the challenge of limited capital.

She is a member of a group where each member guarantees the other in order to access a loan. Joy intends to use this loan to buy agricultural inputs such as tomatoes seedlings and sprays for the next season.

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

  • $1,500
    Average annual income
  • 140
    View loans »
    Uganda Loans Fundraising
  • $28,287,225
    Funds lent in using Kiva
  • 2,435.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Butunduzi Fal Instructors Group's $2,075 loan helped a member to buy farm inputs such as tomatoes seedlings and sprays for next season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 16, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2012