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Karungi Development Group1
In this Group: Stanley, Stella, Luciano, Isaac, Lawrence, Rose, Gloria, Justine, Mestario, Annet, Rachael, Alice, Georgina
Stanley K. is a member of Karungi Development Group 1 in Mityana. He is a businessman involved in the sale of cattle that he buys from the locals and sells to buyers in the daily markets as well as transporting some of them to Kampala where he is able to sell them at a much higher price.



Stanley has been in this business for such a long time; joining his lending group was to revive his business and buy more good-looking cows that are able to bring in much revenue. Stanley has a plan of including the sale of goats and sheep in addition to the cows since there is a market for them. He needs another loan for buying cows for slaughter during and after the festive season.

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

  • $1,500
    Average annual income
  • 360
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,000.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Karungi Development Group1's $5,000 loan helped a member buying more cows for his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2008
Listed
Dec 16, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009