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Businge Tukole Group
In this Group: Gladys, Kate, Oswald, Emmanuel, Joyce, Grace, Specioza, Stephen, Patrick, Jackline, Emmanuel, Expedito, Eriya, Wilber, John, Isaac
Gladys is a hardworking married woman with children living in Fort Portal, Uganda. She is a farmer who grows maize and beans for sale and home consumption. She also sells fresh foods for extra income. She ventured into this business in order to improve her agricultural enterprise with a vision of being able to educate her children and fight poverty. She faces hardships of weather changes and inadequate capital to sustain her business. She is in need of a loan to rent land, prepare it, and buy seeds ahead of the planting season. Gladys is a member of Businge Tukole Group where members guarantee one another to get a loan.

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

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

  • $1,500
    Average annual income
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,703,800
    Funds lent in using Kiva
  • 2,463.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Businge Tukole Group's $3,650 loan helped a member to rent land, prepare it, and buy seeds ahead of the planting season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 19, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014