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Voice Of Kakabara Youth Assn Group
In this Group: Molly , John, Patrick, Zulaika, Adolf, Godfrey , John , Vincent, Charles , Everlyn
John is a thirty-year-old hardworking married man with three school going children living in Kyenjojo, Uganda. He is a civil servant working with local government and also has a pub to supplement his meager salary. With the proceeds he is able to pay school fees for his children and meet the daily needs of the family. He has a dream of expanding this business into a big restaurant and expanding into new areas. He is a member of the above mentioned group where each member guarantees the others in accessing a loan. John is requesting a loan to buy soda and beer 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
  • 252
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 2,592.7
    Uganda Shillings (UGX) = $1 USD
Expired
A portion of Voice Of Kakabara Youth Assn Group's $3,500 loan helped a member to buy soda and beer to sell.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 29, 2012