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Kisakye Group
In this Group: Immaculate, Prossy, Agnes, Madalena, Shakira, Gidah
Fiona is a 33-year-old female and a mother of 3 children. She is a resident of Nabbingo Ttega zone and a member of Kisakye group. She is involved in the green banana selling businesses in Nabbingo. She ventured into this business in 2008. Her husband has a temporary job as a taxi driver, and he encouraged her to begin the business so she can help him to look after the family because his earnings were inadequate to sustain the whole family.

Fiona is a hardworking lady, and her hope is to expand the business as well as encourage her husband to join her in the venture so as to become self reliant with their own business.

She approached Ugafode for a loan of 400,000 UGX to buy more stock of bananas for her business

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
  • 323
    View loans »
    Uganda Loans Fundraising
  • $29,688,425
    Funds lent in using Kiva
  • 2,547.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kisakye Group's $825 loan helped a member to buy bananas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014