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Tugumisirize Saaco Group
In this Group: Joseph , John, Mariko, Novanto , Angelina, Charles, Josephine, Richard, Chrisestom, Basiima, Yoweri, William, Joseph, Mary
Basiima is a Ugandan hardworking married man, aged 32 years, with four children. He lives in Kagadi, where he has been farming and selling alcohol for ten years to earn a living. He hopes to construct a good permanent house despite price fluctuations.

Basiima is requesting a loan to buy jerrycans of alcohol for resale. He is a member of Tugumisirize Saaco. 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.


About Uganda

  • $1,800
    Average annual income
  • 235
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,538.1
    Uganda Shillings (UGX) = $1 USD
A portion of Tugumisirize Saaco Group's $1,900 loan helped a member to buy jerrycans of alcohol for resale.
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 14, 2014
May 30, 2014
Currency Exchange Loss:
Jun 29, 2014