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Kyabugimbi Abamwe Traders Group
In this Group: Jovanis, Annah, Amina, Lehemah, Lukia, Jane, Gorette, Ssanyu, Mariamu, Patience, Yokonia, Joy , Bonny, Eve, Portance
Amina is one of the members of Kyabugimbi Abamwe Traders Group. She has been in the group for two years and has borrowed twice, through the same group. She is married, and she has six children and one other dependant. All the six children go to school, and she believes they will have quality education. Her major source of income is agricultural produce trading, which she has done for the last two years. In addition to the produce business, she also sells second-hand clothes, which gives her additional income. She works six days in a week and she gives the business an average of seven hours per day. Her business is located in a busy trading centre.

Amina plans to use her part of the loan money, UGX700,000 (Seven hundred thousand shillings), to buy more produce for sale. Her customers are both males and females from the same locality, who trade produce. Her main challenge is the weather, which changes and sometimes causes her shortages. She describes herself as a hard-working person who has hopes of developing, especially if the loan is given to her.

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.

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About Uganda

  • $1,500
    Average annual income
  • 139
    View loans »
    Uganda Loans Fundraising
  • $28,654,350
    Funds lent in using Kiva
  • 2,580.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kyabugimbi Abamwe Traders Group's $3,350 loan helped a member to buy agricultural produce to resell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2013
Listed
Sep 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014