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Burungu Karambi Wn Gp Group
In this Group: Patrick , Edreda, Immaculate, Getrude, Olivia, Magret, Joseph
Patrick is a 40-year-old married man with five children living in Fort Portal, Uganda. He has a personal goal of educating his children up to the University level. He has been a retailer for four years, and his main hardship is inadequate capital to meet the increasing demand, however, he has a vision of expanding his business to include farming. Patrick needs a loan to buy salt, soap, and sugar to sell. He is a member of the above-mentioned group, where each member guarantees the other in accessing a loan; that is why they are nine people even though only seven needed the 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
  • 416
    View loans »
    Uganda Loans Fundraising
  • $30,366,425
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Burungu Karambi Wn Gp Group's $800 loan helped a member to buy salt, soap, and sugar to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013