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Kagongi Development Association Group
In this Group: Christine, Januario, Darius, Benard, Paul, Fideri, Jennipher, Godliver, Grace
Christine is 41 years old. married, and has children. She trades in goats and cows. She is also a farmer who rears livestock which she sells when there is demand and when the prices have gone up.

Christine is requesting a loan, which she will use to buy some goats and cows that she hopes to sell during this festive season. Her dream is to construct a house for herself and children. Her family is tired of sharing accommodation with hens and goats. Her main challenge is that the market days and sales do not tally with the payment dates, which results in hard times while waiting for the loan installment.

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

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
  • 106
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,699.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kagongi Development Association Group's $1,850 loan helped a member to purchase goats and cows.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014