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Rwebicoori Bika Oguze Group
In this Group: Robert , Saidi, Behena, Benard, Remegio, Geoffrey
The group is from a predominantly farming village that is well-known for maize production from which it derives the name Rwebicoori, literally meaning a maize area. Robert (raising his hand), a member of the group, buys and sells maize. This being a harvest season for the maize, he wants to buy from the farmers in bulk at harvest before the prices hit the ceiling. The challenge right now has been limited capital. He hopes, if given the loan, that his worries will cease. He can then store the maize and sell it to schools after the harvest season when the prices have gone up. He is hard working and resilient.

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.

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About Uganda

  • $1,800
    Average annual income
  • 235
    View loans »
    Uganda Loans Fundraising
  • $31,030,850
    Funds lent in using Kiva
  • 2,506.3
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwebicoori Bika Oguze Group's $1,200 loan helped a member to buy maize for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014