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Nyaibanda Savings & Credit Group
In this Group: Peter, Leonard, Willam, Henry, Kajara, Selevano, Christopher, Hassan, Peter, Joseph, Lawrence, Blemu, Andrew , Shaban, Jane
Peter is a 47-year-old, married man who has five children, living in Kyenjojo, Uganda. His main business is farming, which he does for eight hours per day, six days a week. He has been farming for five years. Peter also buys and sells goats and cows, as an additional source of income. Like most farmers, he has challenges that affect the outcome of his efforts -- for example, price fluctuations and unpredictable weather. His personal goal is to educate his children up to the university, while his business dream is to buy land and farm extensively.

Peter intends to use the loan facility to pay workers who are cultivating his land, and to buy seeds for planting. He is a member of the above-mentioned group, where each member guarantees the other in accessing 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

  • $1,800
    Average annual income
  • 316
    View loans »
    Uganda Loans Fundraising
  • $30,647,875
    Funds lent in using Kiva
  • 2,584.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyaibanda Savings & Credit Group's $1,975 loan helped a member to pay workers to cultivate his land and to buy seeds for planting.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Ended:
May 19, 2013