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Abeishemwe Tukore Group
In this Group: Laban, Frank, Barnabas, Sipriano, Abby , Elias, Ruth, Ignitius, Pasikali
Ignitius is a married man with two children, in addition to taking care of his two sisters. Ignitius sells fruits like pineapples, pawpaws, oranges and watermelons to earn a living. He sells these on a busy street on the city outskirts. He works 13 hours each day, all the days of the week, in order to break even. His main challenges are fluctuation in prices as well as poor transport which affects the perishable fruits. He hopes to venture into poultry to supplement his strained income. The client will use this loan as a top up to acquire a small piece of land neighboring him. This will increase the piece of land on which he grows the fruits. He is a hard-working man. The group supports each other to foster community development. The second person from the left to right at the back is the Ugafode credit officer.

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
  • 152
    View loans »
    Uganda Loans Fundraising
  • $28,307,700
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Abeishemwe Tukore Group's $1,100 loan helped a member to complete payment on a piece of land.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013