Check out some available loans that are similar to this one!
Kyabugimbi Abamwe Traders Group
In this Group: Jovanis, Annah, Aminah, Lehemah, Lukia, Jane, Bashil, Gorrette, Ssanyu, Loyce, Mariam, Patience
Loyce is aged 34 and widowed with three children studying. She acquired a loan through the Kyabugimbi group because she had no collateral of her own and therefore, had to depend on the group guarantee. She lives at Kyabugimbi Trading Centre and deals in the coffee and goat trades, which she does on daily basis.

Her business was started in 2006 to help her earn a living and also meet the basic needs of the family after the father of her children passed on. This situation left the family in a miserable state since the widow did not have any income to survive on. She also gets some additional income from the factory where she has a part-time job.

Loyce’s clients are people in the trading centre. She hopes to build a house for the family in the near future; that is why she works tirelessly so that she can leave where she stays with the family in a rented room. She is committed and hardworking and she thanks Ugafode Microfinance for the financial support given.

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
  • 147
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,560.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kyabugimbi Abamwe Traders Group's $1,525 loan helped a member to buy goats to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014