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Butende Development Group
In this Group: Francis, Siriman, Moses, Yuda, Hadijja
Yuda of Butende Group is a charcoal trader who works for eight hours and six days. He is also a (boda boda) motor taxi cyclist. He has been in this business for four years. The purpose of this loan is to acquire income to support his family through attaining a big stock of charcoal that he will sell to mostly the low-income earners. His future plan is to acquire more capital and expand his business. His challenges are bad debtors, poor transport, and weather conditions. He is a hard working and trustworthy man who is resilient.

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

  • $1,800
    Average annual income
  • 319
    View loans »
    Uganda Loans Fundraising
  • $30,629,375
    Funds lent in using Kiva
  • 2,600.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Butende Development Group's $1,775 loan helped a member to buy charcoal to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014