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Rutooma Tweyombekye2 Group
In this Group: Mildred, Hadijah, Stephen, Rhonah, Kagwa, Deborah
The Rutooma Tweyombekye Group is located in Rutooma Town. The group is comprised of mainly women some are married, some are widows, and a few are single mothers.

Mildred is a married mother with four kids; her husband is a teacher whose salary is not enough to maintain the family. She also takes care of her sisters’ two daughters who were abandoned by their mother.

Mildred runs a small drug store with limited capital. Besides that, she also has a small banana farm where she gets income to boost her drug store business. She applied for a loan of 1,200,000 UGX so as to add more capital to her drug store. She plans to use the rest of the money to pay school fees for her children and for basic needs in life since her husband's salary is inadequate.

Her major challenges are insufficient capital to boost her business and thieves who steal her bananas which affects her cash flow. Despite these challenges, Mildred has been able to provide good education and basic needs for her children.

Additional Information

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
  • 149
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,470.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rutooma Tweyombekye2 Group's $2,475 loan helped a member to buy drugs for the pharmacy.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2014
Listed
Feb 4, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014