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Kabingo Women Association Group
In this Group: Damazo , Deo , John , Aron , Joshua, Samsom, Emmanuel, Emmanuel, Kisembo, Micheal, Joseph
Damazo is a 30-year-old married man with three children living in Kamwenge, Uganda. After realizing that farming alone could not help him meet the day-to-day needs, he decided to start a produce and general merchandise retail shop. Price fluctuation is his major challenge while his dream is to trade at wholesale. He is a member of a group where each member guarantees the others in accessing a loan. Damazo intends to use the loan to buy maize 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

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,710.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kabingo Women Association Group's $1,300 loan helped a member to buy maize to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013