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Bainomugisa Katumba Group
In this Group: Fred, Charles, Alfred, Patrick, Scola, Beatrice, Safinah, Nelson, Evas, Yovan, Florence, Solomon, Sarah, John, Salai, Space, Joy, Anifa, Godfrey, Josephat, Joyce, Lonjino
Fred is a 29-year-old married man with three children living in Masindi, Uganda. He deals in produce, specifically maize, beans, and millet flour. He started the business with the proceeds from two acres of maize three years ago. His dream is to educate his children and build a permanent house. Price fluctuations and inadequate capital affect his business.

His business goals are to expand the business into new markets and buy land to grow crops.

Fred wants a loan to buy maize, beans, and millet flour to sell.

He is a member of the Bainomugisa Katumba group, where members guarantee each other in order to access a loan.

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
  • 155
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,480.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bainomugisa Katumba Group's $2,750 loan helped a member to buy maize, beans, and millet flour to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
May 10, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2012