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Kahengye Group
In this Group: Julius, Jackson, Davis, Henry, David, Eliab, Musa, Kellen, Yoram
Jackson is a resident of Kabashaki, Kabingo – Kebisoni, Rukungiri District. He is a mature man of 39 and a father of four. He is happily married and he is a member of Kahengye Group. He operates a small retail shop dealing in sales of second-hand bedding. He also trades in goats as an additional source of income.

He secured a loan of UGX 1,000,000 to buy more stock of bedding for his business and he will use part of it to buy more goats for trade. He sells the bed sheets to the local residents.

His main challenge is the poverty within the village; residents want to buy goods at very cheap prices which do not cover his operating costs. He is grateful that Ugafode is always willing to lend to them despite their micro-businesses. He is hard-working.

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
  • 141
    View loans »
    Uganda Loans Fundraising
  • $28,287,225
    Funds lent in using Kiva
  • 2,533.0
    Uganda Shillings (UGX) = $1 USD
Expired
A portion of Kahengye Group's $2,775 loan helped a member to buy bedding to sell.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Sep 30, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 30, 2013