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Matale Lending Group 2
In this Group: Scovia, Sarah, Fatuma, Dan, Peter, Joseph, William, Jane, God, Jonathan, Alistella, Henry, Paskazia, Jackie, Christine, Antony, Joseph, Yudatadeo, John*,
* not pictured
This group is from a small village, 30 minutes drive down a dust road, around 50 miles, from Kampala. Robina Negesse represents the group. Robina is a 35- year-old single mother of five. The father of her children does not help with any maintenance costs. Her children range in age from 7 to 15 years and all attend school. She also cares for her late sister's two children. The fees for her seven children to go to school are very expensive.

Robina has a bar in her village, where she works alone and from which she sells beer, soda and a locally made brew. She has had the bar for 10 years and has been borrowing funds from PEARL Micro Finance for four years. She wants a new loan to enable to her to continue paying the fees at her bar and to purchase stock in greater quantites, saving her money.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

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
  • 292
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 1,685.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Matale Lending Group 2's $4,025 loan helped a member to pay for the group members' various businesses and daily expenses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 28, 2008
Listed
May 7, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 29, 2008