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Tukore Group Nyakahiha
In this Group: Betty, Josephine, Grace, Zobio, Shallon, Umar, Meron, Mishaki, Alima, Johnson, Bin Stephen
Alima was so tired of depending on her peasant husband for the livelihood of the family. They constantly argued over small things whenever her husband failed to provide for the family. He eventually left her and she had to struggle single-handedly. However, in one of the village meetings, the chairperson shared with the members about Ugafode Micro finance having approached him to offer financial services to the residents. Alima joined the group and has since never remained the same. She buys goats that she rears and when they have multiplied by giving birth, she can sell some of them off to get income to sustain her family. She now has adequate funds to pay the children's tuition and meet their other necessities like food and medicine.She is so thankful to Ugafode for having come in her time of need. She is confident that she will grow to greater heights with their services.

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

  • $1,800
    Average annual income
  • 234
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,672.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tukore Group Nyakahiha's $4,325 loan helped a member to buy goats.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014