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Bunyonyi Ageteraine Group
In this Group: Ronald, Edward, Stephen, Alex, Dorreen
Alex is a 30-year-old married man who lives in Fort Portal, Uganda. He is a member of Bunyonyi Ageteraine Group, a village bank where members guarantee each other whether they take a loan or not, because they are all small business owners operating in the same localities.

Alex deals in selling fresh foods like tomatoes, cabbages, and cassava to sustain his family. Theft in his region is a major threat to his business.

Alex is asking for a loan to buy building materials like timber and cement.
The extra members in the group are also group members who save and guarantee one another but have not taken a loan this time.

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.

About Uganda

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $31,090,750
    Funds lent in using Kiva
  • 2,505.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bunyonyi Ageteraine Group's $725 loan helped a member to buy building materials like timber and cement.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014