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Rukoola Kbc Listener's Club Group
In this Group: Jeffrey, Molly, Silvia, Lovina, Wilber, Edison, Yositasi, Varensi
Lovina, aged 39 years, is married and has three children who are aged 16, 14, and 12 years. All of them attend school, She is in charge of paying their school fees and other basic needs.
Lovina is a produce dealer and she has been doing this since 2002 as her major source of income. She is also engaged in farming and has a maize milling machine that supplements their family income.
Lovina has approached Ugafode for loan of UGX.1,000,000 to invest in the produce business since the season is now on.
Her main challenges include limited capital to invest in her business and a bad road network that affects her ability to transport her merchandise on time.
Her dream is to buy a motorcycle that can help her in the transportation of her products to market areas. She thus needs funding so that her business can go on well. She commended Ugafode for promoting people's business and welfare.

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

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.

About Uganda

  • $1,500
    Average annual income
  • 419
    View loans »
    Uganda Loans Fundraising
  • $30,364,350
    Funds lent in using Kiva
  • 2,512.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rukoola Kbc Listener's Club Group's $2,250 loan helped a member to buy produce.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Mar 16, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014