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Rukiidi 111 Tweyimukye Group
In this Group: Gorret, Gatrude, Yeremia, Erinora, Kellen, Ethiel, Sulaiman, Margret, Godfrey, Wilson, Mariam, Teddy
Gorret is 37 years, married, and has three children who attend school. She lives in Fort Portal, Uganda. She operates a retail shop selling beers, salt, and sugar. She started this business to meet her dreams of educating her children to a level of self sustainability and also to have a personal source of income to meet her increasing demands. She faces the challenges of high license fees, bad debtors, and inadequate capital to reinvest in her business.

Gorret requested a loan, which she will use to buy more beers to sell. She is a member of a group where members guarantee one another to receive a loan as they do not offer security.

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
  • 175
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,555.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rukiidi 111 Tweyimukye Group's $1,625 loan helped a member to buy more beer to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Mar 26, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014