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Katonzi  Nyakabingo Group
In this Group: Zainab, Jafali, Godfrey, Luka, Rose, Juliet, Joseph, Mariam, Rastus, Annet
Rastus is a thirty-year-old married man with three children living in Kasese, Uganda. For two years he has been running a retail shop and with the proceeds he has been able to provide the basics to his family. He hopes to have more working capital, however, bad debtors are his major set-back to realizing his dream.

Rastus is requesting money to buy cooking oil, water, sodas and cosmetics to sell. He is a member of Katonzi Nyakabingo group and one of their policies is: 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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,583.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Katonzi Nyakabingo Group's $1,075 loan helped a member to pay for cooking oil, water, sodas and cosmetics to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 28, 2014