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Nyakyanika 11 Women Group
In this Group: Damas, Justus, Mary, Geogina, Stephen, Amon, Ronald, Stephen, Jackline, Florence, Sarah, Anthony, Saidi, Florence, Johnson, Eujino, Charles, Grace, Margret, Faridah, Abdul*, Alex*, Mosese*, Margret*, Sesiriya*
* not pictured

Update on Nyakyanika 11 Women Group

Damas is a 29-year-old married man with four children living in Masindi, Uganda. For the last six years, he has been trading in fish. Price fluctuations and inflation hinder his activity. His dream is to build a permanent house and move his business to a more permanent location. Damas intends to use the loan to buy fish to sell. He is a member of the above-mentioned group, whose members guarantee each other in order to access a loan.

Previous Loan Details

Damas is a twenty-eight year old man with four children living in Masindi, Uganda. He has been selling fish and he got his start up capital from his farming savings. His dream is to educate his children, build a permanent home and buy a motorcycle. High fuel and transportation costs hinder his b... More from Nyakyanika 11 Women Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 347
    View loans »
    Uganda Loans Fundraising
  • $30,336,175
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakyanika 11 Women Group's $4,050 loan helped a member to buy fish to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013
This photo was used before for a previous loan for Nyakyanika 11 Women Group. It was first posted on Kiva on Mar, 2012. Learn More