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St Thereza Group
In this Group: Nelson, Naume, Stellah, Alex, Dovico, Sylvia, Kiiza, Mary, Pulcheria, Birenedata, Monday, Ndere, Kapere, Topher, Dezi, Emmanuel, Saturday
Alex is a thirty-two-year-old married man with three children, living in Kasese, Uganda. For six years now he has been operating an electronics shop and also practices farming.

The high cost of products and rental fees affect the business while his dream is to trade in solar products which are in high demand. Alex intends to use the loan to buy electronics equipment to sell. He is a member of St Thereza group where each one guarantees the other in accessing a loan.

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

  • $1,500
    Average annual income
  • 150
    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 St Thereza Group's $3,250 loan helped a member to buy electronics equipment to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 24, 2013