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Tukolerewamu Farmers &traders Grp Group
In this Group: Mariam, Florence, Jane, Jaswa, Lillian, Stephen, David, Sauda, Shakira, Mafalda, Stephen, Patrick, Richard, James
Stephen, a single father of five children, is an agriculturalist growing crops on a small farm and also raising pigs, goats, chickens and fish. He supplements his small income with stone quarrying so that he can meet his family's needs. Stephen will use his loan portion to purchase some goats, pigs, and quarrying tools.



The group was formed to help the residents have access to funding in the form of loans.They are grateful that Kiva, through Ugafode, is willing to fund them despite their small incomes. They believe they will do better with this partnership. They are hardworking people.

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
  • 156
    View loans »
    Uganda Loans Fundraising
  • $28,711,775
    Funds lent in using Kiva
  • 2,594.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tukolerewamu Farmers &traders Grp Group's $1,700 loan helped a member to buy some goats, pigs and quarrying tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014