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Kiguhyo Tweimukye Group
In this Group: Charles*, Ellvana, Yulitah, Joseph, Sefuroza, Veena, Serapio, Willison, Nosiyata, Moses, Rosemery, Judith
* not pictured
Joseph is a Ugandan married man, aged 80 years with 6 children aged between 40 and 27 years. He lives in Kagadi where he has been operating a retail shop, rearing cattle and goats and selling produce. He hopes to educate his grand children and grow his business despite price fluctuations and seasonal changes. Joseph is requesting for a loan to buy maize for resale. He is a member of Kiguhyo Tweimukye Group where each member guarantees the other to get a loan since they don’t pledge securities.

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

  • $1,800
    Average annual income
  • 232
    View loans »
    Uganda Loans Fundraising
  • $31,013,475
    Funds lent in using Kiva
  • 2,563.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kiguhyo Tweimukye Group's $1,700 loan helped a member to buy maize for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014