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Kalyamenvuv Twekulakulanye2 Group
In this Group: Grace, Moreen, Mariam, Jackline, Muhamadi, Godfrey
Grace, a married woman and mother of four, is an enterprising woman who joined the group to to improve her social and economic situation. She sells groceries in a trading centre from which she has mobilised funds to educate her children and meet their other basic needs.

She will use this loan to buy a fresh stock of vegetables and fruits that she will sell to her customers. She is hard-working and cooperative. The group hopes to raise their income through savings with the institution.

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

  • $1,800
    Average annual income
  • 272
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,557.9
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kalyamenvuv Twekulakulanye2 Group's $1,375 loan helped a member to buy vegetables to sell.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015