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Agateraine Business Ladies Group
In this Group: Felly, Florence.., Peninah, Margret, Betty., Janet, Hamida, Anna, Esther.*, Constance, Sisto, Letisia, Edward, Hafusa, Margret*
* not pictured
Betty is a 48-year-old female living in Masindi Uganda. She is married with four children aged between 14 and 20 years. She started business so as to fulfill the family's needs. She faces a challenge of high transportation costs and bad roads since she operates her business in a remote area.

She wants a loan to buy more timber to sell.

Betty is a member of Agateraine Business Ladies group where members guarantee each other to acquire a loan.

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
  • 239
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,607.6
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Agateraine Business Ladies Group's $1,975 loan helped a member to buy more timber to sell.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2014
Listed
Jul 23, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015