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Kamu Kamu Tereka Bwowola Group
In this Group: Max, Jane, Yowana, Richard, Hakimu
The group started as a Rosca (Savings and rotating Credit group), but with time their own savings were limited so they opted for the Ugafode loan because it was accessible and affordable.

Jane, a single mother of six children, has a grocery shop in a trading centre within the outskirts of Lyantonde town. The small loans from Ugafode have helped her to meet the needs of her children and also to acquire small assets like goats and home appliances.

Jane is grateful to Ugafode because the loans have improved her standard of living and she has gained leadership skills as the group chairperson. She is very hardworking and honest.

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

  • $1,800
    Average annual income
  • 291
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,450.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kamu Kamu Tereka Bwowola Group's $2,825 loan helped a member to buy vegetables for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2013