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Nyakanyinya Group
In this Group: Evaristo, Kellen, Baritazari, Keresi, Alex, Godfrey, Matayo, Ambrose, James, Jonas, Perez, Vereriano, Siriano, Nazario, Atanazio
Kellen is a member of the Nyakanyinya group. She has been a member of the Nyakanyinya group for a long time and says she has benefited a lot from the group since the group members guarantee her whenever she needs loans from UGAFODE Microfinance. She is proud to belong to the group and is in the farming business which she has done since 2000. She works on the farm for an average of seven hours per day and she also does trade which is her other source of income. She does the business in her local cell of Nyakanyinya and she started the business with a motive of getting money to help her earn a living. She would like to use the money (six hundred thousand shillings) to buy fertilizers and produce and she has hopes of buying a big piece of land for her agriculture business in the near future. She says infertile soil and weather changes are her main challenges but she has hopes that they will be overcome with time.

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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 242
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,563.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyakanyinya Group's $6,050 loan helped a member to buy fertilisers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014