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Kasagama Central Market  Bashubuzi Twimukye Group
In this Group: Peace, Jackson, Richard, Jane, Godfrey, Nichorus
Peace a 40 year-old married woman who has been with Ugafode for the last two years as an individual but has chosen to form a group after seeing the need in her community. She mobilized the group to come and acquire a loan from Ugafode because she had previously enjoyed good service. She is borrowing UGX 800,000 in order to buy stock for her grocery and banana business so that she can increase her sales. Her clients come from the neighbouring community and business people.

She hopes to grow her business through the partnership with Kiva. The group is pledging to strengthen the partnership through good repayments.

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

  • $1,500
    Average annual income
  • 320
    View loans »
    Uganda Loans Fundraising
  • $29,630,050
    Funds lent in using Kiva
  • 2,594.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kasagama Central Market Bashubuzi Twimukye Group's $1,275 loan helped a member to buy grocery stock and bananas to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014