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Namutamba Twekembe Group
In this Group: Robert, Jovailo , Mary, George, Irene, Frank, Henry, David, James, Leonard
Robert is a hard working 47-year-old man who lives in rural Lyantonde. He keeps cattle to make a living. He rears them and later sells when they have matured. He supplements the income from the cattle with sale of milk.

He does this on a small scale because they lack a dairy in a nearby location. He hopes to acquire a bigger loan in the future to buy more milk from the neighbors so that his home will be a collecting centre for the milk; he will not need to spend on transport which will increase his profits. He thanks Kiva for partnering with Ugafode to extend their outreach to the rural areas.

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

  • $1,800
    Average annual income
  • 257
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,582.0
    Uganda Shillings (UGX) = $1 USD
Expired
A portion of Namutamba Twekembe Group's $3,850 loan helped a member to buy cattle for fattening.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 17, 2013
Listed
Aug 10, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 9, 2013