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Mugoma Farmers Group
In this Group: Juliet, James, Night, Proscovia, Fatuma, Edward, Patrick , Stephen
Juliet, 28, is a hardworking woman with five children living in Fort Portal, Uganda. She sells fish and farms to generate her income. Her vision is to educate her children to higher levels of learning and trade in wholesale. However, she is faced with the hardships of unpredictable weather changes and inadequate preservation equipment. Juliet intends to use the loan to buy fish to sell. She is a member of the above mentioned 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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 262
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 2,600.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mugoma Farmers Group's $1,225 loan helped a member to buy fish to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2013