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Kinyarwanda Kweteranahamwe Group
In this Group: Kaloli, Wycliff, Lawrence, Jackson, Godson, Banada, Zaveriyo, Vasta, Justus, Karadi, Victor, Veneventure
Justus is married and has three children, one of whom goes to school. He is a peasant farmer, growing pigs, poultry and crops. Justus went into the farming business five years ago, as a source of income to look after his family plus raising food for home consumption. He has applied for a loan of UGX 500,000 (five hundred thousand Ugandan shillings) through the group, to expand on his farming projects. Justus’s dream is to buy more land to expand his farm and also to buy a motorcycle to ease his transport. His main challenges include limited capital, poor transport to get his goods to market, and market price fluctuations for agricultural products. He thanks the group members for standing there for each other and UGAFODE Microfinance for trusting them with the money, especially in an area where they are foreigners. They hope the partnership will persist.

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

  • $1,500
    Average annual income
  • 220
    View loans »
    Uganda Loans Fundraising
  • $29,081,275
    Funds lent in using Kiva
  • 2,624.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kinyarwanda Kweteranahamwe Group's $2,025 loan helped a member to buy seedlings and hire labor for his farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013