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Central B1-Baluka Betty Group
In this Group: Betty, Margret, Gorreti, Rose, Aidah
Betty B. is 45 years of age. She is a widow and a devoted mother of seven children. She is also a caring guardian to two orphans, a niece and a nephew. Betty sells bogoya (ripe bananas) in Kabalagala market. She purchases her stock twice a week from suppliers who source the fruit from Masaka. From stock worth 800,000 (about USD $450) Betty expects a profit of 150,000 shillings.


Based on her 10 years' experience in the business, she attracts and retains customers by being friendly, charming, selling fresh healthy fruits and also by maintaining high standards of cleanliness. She will use this loan to add to her stock of bogoya to increase her income.


Betty has a great ambition: she aspires to be an exporter of fresh fruits to developed countries. Her desire is a peaceful and prosperous family.


Betty will share this loan the other four members of her group.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 279
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 1,941.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Central B1-Baluka Betty Group's $775 loan helped a member to purchase bogoya ( ripe bananas).
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 14, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009