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Bamwe Group
In this Group: Eunice, Jesca, Irene, Frank , Mariam , Edith, Emmanuel
Eunice is twenty-six, a member of Bamwe group, and a mother of two school-going children. Eunice dropped out of school and got married at the early age of nineteen. Being a businessman, her husband encouraged her to begin a business, so in 2011 she began a business supplying general merchandise to different supermarkets and shops within Kampala. She believes her business is doing well. The aim of the business is to supplement the earnings of her husband so they can look after their family. Eunice approached UGAFODE for a group loan to boost her business. With her portion of the loan, she will buy more stocks of flour. She is very hard working, trustworthy and focused. She thanks the group members and Kiva lenders for a job well done. Eunice is second from the left in the photograph with her hand raised.

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

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
  • 271
    View loans »
    Uganda Loans Fundraising
  • $31,080,425
    Funds lent in using Kiva
  • 2,531.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bamwe Group's $1,300 loan helped a member to buy stocks of corn flour to supply to supermarkets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014