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Kasenyi United Group
In this Group: Godfrey, Elinest, Kabira, Grace, Zakiel, Deus

Update on Kasenyi United Group

Zakiel is a member of the Kasenyi United Group (Sub Group B). He runs a fishing business in Kasenyi, which is found in the Kasese district. He is the father of three children aged nine, six and four and he also has takes care of two other children.

He joined the business world in 1986 when he was still a young boy. He helped his father with the fishing business until he grew into a responsible man and started his own business with the purpose of earning a living. He was convinced that the direction he took was a good one since his father was able to look after them using the profits from the fishing business. Zakiel works an average of nine hours per day and uses three hours per day to try market the fish he gets.

He would like to use the loan to start a retail shop since he is faced with the challenge of stiff competition in the fishing business. He is hopeful that the retail shop will bring him higher profits in a given period than the fishing business. He has wanted to pull out of the fishing business for some time. Zakiel is hard working and, if given the loan, will make sure that he puts it to good use so that he can ably pay it back, earn profits and be in the position to pay tuition for his children and meet their other needs.

Previous Loan Details

Kabira, age 48, requests a loan of 1,500,000 UGX from Kasenyi United Group. Widowed with 4 children, none of whom are at school, she engages in the business of locally brewing beer (waragi). She works every day throughout the week. She is also a fish monger who buys fish from fishermen and sel... More from Kasenyi United 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
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 2,453.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kasenyi United Group's $5,925 loan helped a member to buy daily-use household items for his retail shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014