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St Clare 111 Group
In this Group: Jesca, Marion, Rebecca, Rusia, Sofia, Stella, Benedicto, John, Eva, Joy
Rusia is a forty-year-old married woman with eight children, six of whom go to school. Rusia has been in the retail shop business for fourteen years, located in a rural area. She also farms as a source of additional income. Rusia hopes to educate her children and buy land for them, however, she faces the challenges of bad debtors and high rental charges. Rusia is a hard-working woman who needs a loan to buy goats, bananas, and cassava flour for reselling.

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

  • $1,800
    Average annual income
  • 230
    View loans »
    Uganda Loans Fundraising
  • $31,010,850
    Funds lent in using Kiva
  • 2,512.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of St Clare 111 Group's $1,400 loan helped a member to buy goats, bananas, and cassava flour for reselling.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2014
Listed
Apr 27, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014