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Tebuyoleka Group
In this Group: Rose *, Juliet, Sylivia, Gertrude, Musa, Sonia, Jane, Prossy
* not pictured
This women's group is found in the outskirts of the city and consists of women who formed it with an aim of eradicating poverty from their families. Juliet, a 27-year-old is a single mother of a 4-year-old who has just started kindergarten.She sells electricals--a business she started a year ago with the help of funds from a friend and later additional funds from Ugafode Micro-finance Ltd. Juliet had dropped out of school four years back because her peasant parents could not afford money for her tuition.

With her little savings from the business Juliet bought a small piece of land on which she now wants to begin construction with the loan funds she is acquiring. She hopes that when the house is complete, she will be free from the burden of renting and will use that money to pay tuition for her son.

Juliet is faced with challenges of insecurity because thieves steal her goods in the night at times. However she is persistent and confident that all this will change and her business will grow to self-sustainability.The ninth person is the group chairperson who is not taking out a loan this cycle but signed a waiver form.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Uganda

  • $1,500
    Average annual income
  • 140
    View loans »
    Uganda Loans Fundraising
  • $28,307,700
    Funds lent in using Kiva
  • 2,650.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tebuyoleka Group's $1,100 loan helped a member to buy construction materials for her residential house.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013