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Kyabagamba Development Group
In this Group: Sande, Muhammed, Richard, Vicent, Haruna, Geoffrey, Moses, Mariko, Justine
Richard is a 34-year-old man who grows beans in rural Mpigi and drives a motorcycle during his free time to supplement his income. The purpose of the loan is to buy bean seeds and organic fertilizers. The area in which he is farming is rocky and may not yield much crop without being fertilized. It is for this reason that he wants to buy organic manure which will increase his productivity. With income from the sale of beans, he will be able to provide for his family and pay school fees. His main challenge is poor transportation to the market. Richard is a shrewd and hardworking man.

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
  • 266
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,587.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kyabagamba Development Group's $3,000 loan helped a member to buy bean seeds and organic fertilizers for his farm.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013