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Katebo Business Group1
In this Group: Martin, Caroline, Tatu, Femia, Goretti, Margaret, Joan, Prossy, Yuda, Ben, Hellen
A. Martin, a member of Katebo group in Buwama and a married man caring for his immediate family, is a fisherman at the landing site in Katebo. He owns a boat and a variety of other fishing materials including nets and hooks for use in his business. Martin is also a farmer with various plantations that are mostly in the care of his wife, children and helpers who are paid for their duties.



Martin has a plan to buy more boats to hire out to fellow fishermen, hoping to thereby increase revenue and savings. He is happy that with previous loans he was able to buy standard fishing nets and hooks that trap good quality fish, thus attracting a large number of customers. Martin is now requesting a loan in order to buy another fishing net for his business.

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.

About Uganda

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $30,664,300
    Funds lent in using Kiva
  • 2,000.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Katebo Business Group1's $1,650 loan helped a member to buy another fishing net for his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2008
Listed
Nov 17, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 31, 2009