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Kasulenge 11 Tususumuke Women Group
In this Group: Richard, Pasikazia, Esperasi, Jeremaih, Magret, Mbambu, Night, Yeremia, Elizabeth, Doris, Asia , Cosilant, Nyakalemba, Mbikale, Esther , Roset, Getrida, Mike, Mariam, Esther , Joseph, Rose, Evans , Yodes
Richard lives in Bundibugyo, Uganda and is married with six children. He owns a retail shop and also started working as a cocoa farmer. Like all businessmen in a developing country he faces challenges like price fluctuation and high taxes.

His personal goals are educating his children in higher institutions of learning and building a permanent residential house. His goal for his business is to move it to a more permanent location.

Richard is a member of the above-mentioned group, where each member guarantees the other, as per policy, in accessing a loan. He is requesting a loan to buy merchandise such as cooking oil and salt for resale.

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
  • 277
    View loans »
    Uganda Loans Fundraising
  • $30,718,125
    Funds lent in using Kiva
  • 2,510.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kasulenge 11 Tususumuke Women Group's $2,075 loan helped a member to buy merchandise such as cooking oil and salt for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013