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Mukama Mwesigwa Group
In this Group: Robert, Martin, Sarah, Abubaker, Livingstone, Charles
Mukama Mwesigwa is one of the institution's oldest groups. From the loans, the group members have accumulated many assets, like motor vehicles and motorcycles, and have built homes. The group's treasurer revealed that the UGAFODE loans have just been a blessing to their businesses and families, which is the reason for their consistency. They never get in trouble from not paying back their loans, and their businesses have expanded.

Livingstone has been a member of this group since 2000. He rears pigs to supplement his meagre income as a tax driver. From these loans, he is able to meet his family's needs and educate his three children. His major challenges now are the economic crisis and high cost of fuel, which in turn affects his salary. He will use the loan to buy pigs to sell. He hopes he will be able to accumulate enough money to build his own house, since he is renting at the moment.

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
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,090,750
    Funds lent in using Kiva
  • 2,480.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mukama Mwesigwa Group's $1,875 loan helped a member to buy pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013