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Kidindimya Tweyambe Group
In this Group: Christopher, Thomas, Charles, Robert, Malisiali, Johnbaptist, Christopher, Donald , Rwogamu, Francis, Vincent
John is a 54-year-old man, married with 6 children, living in Kyenjojo, Uganda. He is a member of Village bank where each member guarantees the others to get a loan. John has been in a carpentry business for 13 years, and with the income he has been able to build a house and also pay school fees for his children.

The high cost of timber and inadequate capital to hire enough labor affect his business, since the demand for furniture is overwhelming, while his desire is to own a modern workshop in the town center.

A good father that he is, he desires to educate his children up to the University, and also to set up a number of income generating activities to secure the future. John is requesting a loan to buy timber to use. Some of the members did not take the loan but because it's a group policy they appear in the photo to guarantee the others.

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

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
  • 314
    View loans »
    Uganda Loans Fundraising
  • $30,637,850
    Funds lent in using Kiva
  • 2,517.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kidindimya Tweyambe Group's $2,050 loan helped a member to buy timber to use.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014