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Lomuku 2004-A Group
In this Group: Veronica, Joice, Tereza, Magreat, Cicila
Veronica S., the group leader, has a business selling flour and she has applied for this loan in order to purchase more flour to resell. Veronica is 30 years old, married and has four children between the ages of 6 and 20. Her husband is a builder and her children of school age attend school. Each week, Veronica makes approximately 100 Sudanese pounds in profits.

Veronica is joined in her small group by Joice K., Tereza S., Magreat F., and Cicilia A.. Joice K. sells bread and wants to expand her business. Tereza S. currently has a business selling bread and cooking oil at the market but would use this loan to build a hotel. Magreat F. operates a business selling tea at a restaurant and hopes to expand the restaurant. Cicilia A. is currently in the business of selling food at a hotel but has applied for this loan in order to buy a taxi for carrying passengers.

Additional Information

About BRAC South Sudan

BRAC's holistic approach to poverty alleviation and empowerment of the poor encompasses a range of core programs in economic and social development, health, education, and human rights and legal services which are delivered through an extensive network of village organizations. BRAC has become one of the world's largest NGOs as a measured by the scale and diversity of its interventions.

In 2007, BRAC started operations in Southern Sudan. The microfinance program, which is targeted towards returning war refugees, has already formed 418 village organizations with more than 14,000 women members.

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 South Sudan

  • $1,400
    Average annual income
  • 0
    View loans »
    South Sudan Loans Fundraising
  • $2,306,625
    Funds lent in using Kiva
  • 2.1
    Sudan Pounds (SDG) = $1 USD

Success!! The loan was 100% repaid

A portion of Lomuku 2004-A Group's $1,550 loan helped a member to buy more flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 28, 2008
Listed
Jun 12, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009