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Kweterana Kyabatega Farmers Group
In this Group: Henry, Donna, Jackson, George, Tegrasi, Robert, Abel, Charles, Wilson, Fred, Rose, Francis , Noteen, Teopista., Joan, Simon, Rogers, Dominic, Eric, Margret
Tegrasi is a 74 year old married male who lives in the town of Masindi-Uganda. Tegrasi grows maize, groundnuts, sunflower, and burns charcoal to supplement his income. He needs a loan to buy maize for planting this peak season. Tegrasi has got dream of building a house and educating her children. However he is challenged by weather plus seasonal changes, and price fluctuations.He needs a loan for to buy maize for planting this peak season.
Tegrasi is a member of Kweterena Kyabatega group where members guarantee each other in order to acquire 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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 305
    View loans »
    Uganda Loans Fundraising
  • $29,652,575
    Funds lent in using Kiva
  • 2,563.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kweterana Kyabatega Farmers Group's $3,725 loan helped a member to buy maize for planting this peak season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 20, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014