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Twekambe Kagere United Group
In this Group: Pelucy, Richard, Edward, John, Naume, Fred, Rehema, Rose, Denize, Joseph, Eunice, Godfrey, Juliet, Mary, Deo
John is a thirty-seven-year-old married man with four children who all go to school. They live in Kasese, Uganda. He has been a mechanic for fifteen years. Being a responsible man, he started to cater for his family's basic needs. Poor roads are the main challenge he faces in his vision to open his own garage. John intends to use this loan to buy spare parts to sell. He is a member of Twekambe Kagere United Group where each member guarantees the others in their loan.

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
  • 227
    View loans »
    Uganda Loans Fundraising
  • $29,115,450
    Funds lent in using Kiva
  • 2,462.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Twekambe Kagere United Group's $3,600 loan helped a member to buy spare parts to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014