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Umoja Mulitipurpose Dev't Association Group
In this Group: Sawiya, Aisha, K Saidi, Zawadi, Maimuna, Harriet, Susan, Shama, Sumaya, Sebbi, Anifa
Maimuna (raising hand) is a 52-year-old married woman with six children. She lives in Bundibugyo, Uganda. She sells cocoa alongside food items such as beans, cassava flour, and pancakes. She has been in this business since 1989 and she uses the income to address her family's needs. She dreams of increasing her business to a big store of cocoa. Maimuna intends to use the loan to buy cocoa to sell.

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

  • $1,500
    Average annual income
  • 96
    View loans »
    Uganda Loans Fundraising
  • $28,246,150
    Funds lent in using Kiva
  • 2,554.3
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Umoja Mulitipurpose Dev't Association Group's $1,375 loan helped a member to buy cocoa to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 4, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014