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Kisa Kya Mukama Group
In this Group: Rashidah, Sarah, Matildah, Jane, Agnes
The Kisa Kya Mukama Group, located in a rural area, is comprised of five women: Sarah, Rashidah, Madrine, Jane and Agnes. Their businesses include textiles, retail shops, matooke trading and farming.

Sarah is a single mother with 3 children, all attending school. Since 2004, she has operated a matooke (a variety of cooking banana) business and she also does agriculture as a side business. Sarah works 7 days a week and 15 hours per day. Her clients are the local residents since her capital is quite small. Sarah started the business to get school fees for her children. She has acquired a loan to boost her business (buying additional stock of bananas to resell). She hopes this will increase her profits and income base.

Sarah's hope for the future is to build some rentals for her children. Her business challenge is the poor infrastructure, especially roads, which incurs high costs to transport matooke to the market. Sarah describes herself as a hardworking woman appreciating the work of lenders.

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
  • 261
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 2,554.3
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kisa Kya Mukama Group's $1,225 loan helped a member to buy bananas to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
Jun 4, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014