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Tukwatanize Nyamondo Group
In this Group: Tabaro, Omuhereza, Njera, Wararise, James, God, Palasida, Kedirese, Phillipo, Eriya, Birimunda, Kyomukama, Damino, Asiimwe, Bwemi, Jackson, Twahirwa, John
Tabaro is a married man aged 50 living in Kagadi, Uganda. He was initially involved in brick laying and after accumulating enough capital he ventured into the local brew business where he has since reaped tangible benefits. Inadequate capital is affecting the business while his dreams are to expand his business to other areas within the district and educate his six children up to the University. He is a member of the above mentioned group where each member guarantees the others to access a loan. Tabaro is requesting the loan to buy local brew 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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,589.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tukwatanize Nyamondo Group's $1,825 loan helped a member to buy local brew to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Possible
Ended:
May 19, 2013