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Kulambiro Prudent Group
In this Group: Mary, Caroline, Mariam, Sarah, Regina, Sarah, Rose, Fulugyensiyo, Benjamin , Barbra, Jenipher, Christine , Aida
Mary is 38 years old and lives with eight family members in Kulambiro, a suburb of Kampala. She survives by brick making. The business started way back in 2005 to supplement her fruit selling grocery in order to raise more income to meet the increasing responsibility of supporting orphans that came into her care.

Her biggest challenge is inadequate capital to buy fire wood and pay wages for her worker.

Mary has decided to get a loan of 350,000. She wants to start building her own home and her dream is to complete the house in the next 2 years .

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program.  Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation.  By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements.  UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

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
  • 297
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,684.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kulambiro Prudent Group's $1,300 loan helped a member to begin construction of a house.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013