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Kararaka- Mudondo Faisi Group
In this Group: Faisi, Diana, Magidu, Aisha, Alice
Faisi M. (far right) represents a kararaka group of local brewers. She is 44 years old. Faisi brews kasese and ajong which she sells to bartenders. She has 20 years of experience in brewing ajong from millet and kasese from extremely ripe bananas. From her sales, she earns a profit of roughly 30%.

The loan proceeds are enabling Faisi to purchase millet and sweet bananas, the major ingredients for her brew. She is a guardian to 10 of her late brother’s children. Faisi dreams of opening up a bar in Pallisa. Her desire is to see her children complete school.

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

  • $1,500
    Average annual income
  • 430
    View loans »
    Uganda Loans Fundraising
  • $30,369,225
    Funds lent in using Kiva
  • 1,974.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kararaka- Mudondo Faisi Group's $875 loan helped a member to purchase millet and sweet banana.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2009
Listed
Jan 16, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009