Check out some available loans that are similar to this one!
Ibanda 1 Karugutu Group
In this Group: Emmanuel, Julius, Zaituni, Mustafa, Stanley, Milton, Rose , Evanis , William
Emmanuel, whose hand is raised, is a 48-year-old businessman, married, with nine children living in Ntooroko, Uganda. He started business in 1996, selling salt, sugar, rice and paraffin. Apart from the retail shop, he has other sources of income, from cocoa, bananas and vanilla harvests. He dreams of earning more money, so he can to look after his family and educate his children to higher levels of education. He also hopes to expand his business into new markets, even though seasonal changes affect him. He is a member of Ibanda 1 Karugutu group, where each member guarantees the others, to get a loan. Emmanuel is applying for a loan to buy salt, sugar, rice and paraffin to sell during this Christmas season.

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
  • 196
    View loans »
    Uganda Loans Fundraising
  • $31,415,275
    Funds lent in using Kiva
  • 2,520.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ibanda 1 Karugutu Group's $3,000 loan helped a member to buy salt, sugar, rice and paraffin to sell during this Christmas season.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 4, 2013
Nov 30, 2013
Currency Exchange Loss:
Oct 17, 2014