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Kamu Kamu Kasambya Group
In this Group: Matia, Julian, Federesi, Pauline, Moses, Tadeo, Deo, Matia, Nakyanzi, Matia, Leonard*, Yonasana, Florence, Pulkeria, Zana, Vincent, Lawrence
* not pictured
Matia is a married man, aged 48, who owns a produce store which he has run for a period of 15 years, having got start up capital from farming. Inadequate capital is affecting the business. He would like to expand his business to other areas within the district and educate his six children to attain degrees as minimum qualification. Matia is requesting a loan to buy maize. He is a member of the above-mentioned group, where each member guarantees the others to access a loan.

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
  • 289
    View loans »
    Uganda Loans Fundraising
  • $29,253,525
    Funds lent in using Kiva
  • 2,592.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kamu Kamu Kasambya Group's $2,800 loan helped a member to buy maize to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2013