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Kihondo Abagambakamu Group
In this Group: Valley, Rashid, Beatrice, Grace, Antonozio, Nasuru, Roninah, Tophiro, Francis, Gloria, Stephen, Moses
Valley is a 49-year-old, hardworking woman living in Fort Portal, Uganda. She is a member of the above-mentioned group where each one guarantees the other in accessing a loan. Valley has a bar business that she has been running for 13 years and with the income earned, she has been able to buy land and pay school fees for her children. She has challenges of inadequate capital to buy stock and high taxes by the local government which limits her profits. However, she has a personal goal of educating her children and building a permanent house for residence, while her business dream is to expand her business to new markets. Valley is requesting for money to buy more beers to sell.

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
  • 343
    View loans »
    Uganda Loans Fundraising
  • $29,753,750
    Funds lent in using Kiva
  • 2,515.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kihondo Abagambakamu Group's $1,675 loan helped a member to buy beers to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 28, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013