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Tusimire Kayabuhire Group
In this Group: Leonard, Birungi , Lawrence , Grace, Oliva, Juliet, Simon
Leonard is a 56-year-old married man with seven children living in Hioma, Uganda. For three years he has been a member of the above mentioned group. He has owned a retail shop for twenty years and with the proceeds he has been able to construct a house for his residence. He has been a member of this group for over 3 years and this is their 14th cycle loan. He and his members face challenges of high price fluctuations and customers paying late. He hopes to expand his business to new markets and also to educate his children. He intends to use the loan to buy general merchandise like soap, sugar and rice to sell.

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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,470.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tusimire Kayabuhire Group's $1,625 loan helped a member to buy general merchandise such as soap, sugar and rice to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012