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Kabaka 2 Group
In this Group: Simplex, Phoibe, Eliza, Godfrey, Sifa, Moses, Emmanuel, Stella, William
Simplex is a 30-year-old married man with three children living in Kasese, Uganda. He has been a food vendor for six years and with the proceeds, he has been able to buy land for farming. The good father that he is, he desires to educate his children up to the University level although he did not have a chance to go to school due to his parents' financial constraints. Simplex hopes to have a stable and permanent business despite the challenges of bad weather, which reduces the food supply, and inadequate capital. Simplex is requesting a loan to buy bananas, cassava and oranges 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
  • 106
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,705.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kabaka 2 Group's $1,425 loan helped a member to buy bananas, cassava and oranges to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2013