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Kateebwa Foundation For Financial Assistance Group
In this Group: Koreneri, Ezekeil, Wilfred, Yonasi, Yosamu , Yositasi, Fred, Kefa, Owen , Sifuroza, Yonesi , Ferisi, Evelyne , Oliver, Henry, Hanifa, Robert , Harriet , Modest, Mikah, Evanisi
Koreneri is a hardworking man living in Fort Portal, Uganda. His main business is agriculture and he mainly grows coffee. He also has a retail shop in order to boost his income. He has a vision of educating his children to higher levels of learning; however, he faces the challenge of inadequate capital to buy stock. Koreneri is requesting a loan to pay school fees for his children. He 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.

About Uganda

  • $1,500
    Average annual income
  • 322
    View loans »
    Uganda Loans Fundraising
  • $29,709,600
    Funds lent in using Kiva
  • 2,589.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kateebwa Foundation For Financial Assistance Group's $2,325 loan helped a member to pay school fees for his children.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 18, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014