Check out some available loans that are similar to this one!
Bisabyaba Ahmed's Group, Bugolo
In this Group: Ahmed, Abdul, John, Grace, James, Joelia, Faridah, Sarah, Ruth, Faridah, Sarah, Betty
B. Ahmed is a married man with four children who are grown and have their own families, but he takes care of 3 grandchildren whose parents died of AIDS.


B. has been a fisherman all his life; it's the only business he has ever known. He fishes from Kikondo, a landing site in Lugazi, and sells his catch to traders and business people. In a round of fishing, he can catch and sell 20 basins of fish for about $5 each.


Ahmed has his own boat, which he has been using all this time, and he hopes to buy another boat that he can hire out for more income. He is seeking his first loan from Pearl Microfinance so he can improve his business by repairing his fishing net and the lights on his boat.

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.

About Uganda

  • $1,500
    Average annual income
  • 217
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 1,908.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bisabyaba Ahmed's Group, Bugolo's $4,725 loan helped a member make repairs to his fishing net and the lights on his boat.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 12, 2008
Listed
Oct 29, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009