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Mikole Twimuke Group
In this Group: Keduresi , Edson, Charles., Maria, Juliet, Henry, Glades, Lydia, Deo, Gilbert, Jaduresi
Edson is a married man with five children, who lives in Kyenjojo, Uganda. He has been operating a canteen selling bread, soap, sugar, and salt, which he started with capital from savings in their group. He obtains additional income from a farming business, growing beans, and maize. He has been member of a village group where members save and guarantee one another to get a loan. He experiences a difficulty of low capital to buy his products, accompanied by high transport costs. His vision is to expand his business. Edson needs the loan to buy soap, sugar, and salt to sell.

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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,598.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Mikole Twimuke Group's $1,400 loan helped a member to buy soap, sugar, and salt to sell.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2014
Listed
Jul 3, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2015