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Rwakigaju Tukore Group
In this Group: Sylivia, Christine, Caroline, Vanice, Kenneth, Annah, Herbert, Kate, Lydia, Jonah
Kate, a married mother of four children, is predominantly an agriculturalist. She does small-scale farming and animal rearing to feed her family and take care of their basic needs, since women meet most of the family's needs in most African homes. She is hard-working and will use the loan to buy baby goats at a cheap price that she will graze for a few months and then sell during the festive season. She thanks the group members for being supportive and Kiva lenders for their interest in them. She urges other group members to be innovative and resilient.The third person from the right is the Ugafode official.

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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 292
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,515.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwakigaju Tukore Group's $1,450 loan helped a member to buy baby goats.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014