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Rwitsiru Bakyala Twimukye Tukore Group
In this Group: Lilian, John, Joyce, Annet, Hope, Costance
Annet, a young lady with two children, is married. She stays in rural Lyantonde, where she rears goats to meet the family's needs. She also sells milk to add as additional income to the small income from goats. She will use the loan to buy baby goats that she will rear and later sell when they have grown and fattened in the next three months to increase her family income.

She is hardworking and wants to grow the number of her goats to as many as possible. Annet wants to thank Kiva for getting interested in their businesses and partnering with them.

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
  • 147
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwitsiru Bakyala Twimukye Tukore Group's $1,750 loan helped a member to buy goats for fattening and selling.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2013
Listed
Aug 12, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014