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Kamu Kamu Group
In this Group: Salim, Edson, Lydia, Ibrahim, Fred, Patrick

Update on Kamu Kamu Group

Salim progressed through the previous loan. He was able to pay school fees for his children and also provide a more comfortable ride to his clients because he repaired his motorcycle. He has also been able to graduate in his loan amount from 400,000 to 700,000 UGX, which will enable him to hire a piece of land to carry out some cultivation. This will expand his income to fully meet his family's needs.

He is grateful to the Kiva lenders for their support and believes that with this funding he will achieve his dream of starting a cattle trading business.

Previous Loan Details

Salim, a member of Kamu Kamu group is 30 years of age, married and has eight children. Six of his children attend school. He also takes care of two dependants because their parents are incapable of meeting their needs like school fees. Salim rides a motorcycle to earn a living. He started this… More from Kamu Kamu 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
  • 107
    View loans »
    Uganda Loans Fundraising
  • $28,637,175
    Funds lent in using Kiva
  • 2,515.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kamu Kamu Group's $1,525 loan helped a member to rent land for cultivation.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Sep 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Kamu Kamu Group. It was first posted on Kiva on May, 2012. Learn More