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Katooke Saving & Lending Group
In this Group: Angella, Leonia, Harriet, Silver, Evanisi, Beatrice, John, Beatrice, Immelda, Florence, Joyce, Rose, William, Benaleta
Angella is a 29-year-old married woman with four children who lives in her own house in Kyenjojo, Uganda.

She has been operating a retail shop for eight years; she started with capital of 780,000 shillings and now she has capital worth 5,000,000 shillings. She also practices farming to earn additional income. She experiences hardships due to price fluctuation; her dreams are to own a depot of beer and soda, plus educate her children to attain degrees as a minimum qualification.

She is a member of the above mentioned group where members mobilize savings and guarantee each other to get a loan.

Angella intends to use the loan to buy beer, soda, sugar, and rice to sell.

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.

About Uganda

  • $1,800
    Average annual income
  • 271
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,517.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Katooke Saving & Lending Group's $2,175 loan helped a member to buy beer, soda, sugar, and rice to sell.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015