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Alinyikira  Dev't Group
In this Group: Sarah, Amina, Zaina, Hajara, Ibrahim, Umar, Buluhan, Zaituni, Susan, Madina, Vicent, Goreti

Update on Alinyikira Dev't Group

Amina is grateful to the Kiva lenders through Ugafode for a job well done. She was able to increase her stock of stoves and increase her sales. She now wants another loan since the previous one was paid off. She will be able to get a discount if she buys in large quantities. This will help her to earn increased profit. She is hard working and thanks Kiva lenders for being supportive.Two of the members are sitting out this loan cycle though they have signed the waiver form.

Previous Loan Details

At 28 years of age, Amina is married and has two kids. She also looks after her four sisters, who are dependent on her for their livelihood because they are orphans. She sells charcoal stoves made of clay to meet her needs and those of her extended family. Her main challenge is customers who take... More from Alinyikira Dev't Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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

  • $1,500
    Average annual income
  • 232
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,503.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Alinyikira Dev't Group's $2,900 loan helped a member to buy local charcoal stoves for sell.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Alinyikira Dev't Group. It was first posted on Kiva on Nov, 2012. Learn More