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Wofunira Development (C) Group
In this Group: Margaret, Ruth, Robinah, Margaret, Mastula, Loy, Harriet, Sarah, Sylvia
Margaret has had her poultry business for 15 years. She has 500 broiler chickens and 500 laying chickens. Broiler chickens are raised for between 2 to 6 months before being sold for food. Laying chickens can be kept for years, laying eggs that are then sold. Margaret makes 5000 USH per broiler chicken and 5,000 per tray of eggs that she sells. She is able to collect 10 trays of eggs each day for her laying chickens. Margaret sells the majority of her broiler chickens wholesale to restaurants in her area. She explains that the loans are critical to her success in securing these regular customers. Margaret is able to keep her chickens for 6 months, unlike others who sell sooner, because she can finance her daily expenses during this time with her loans and her sales from her laying chickens. The loans also allow her to purchase food in bulk, and that reduces the cost. Margaret has 10 kids. Four of these children are still in need of help with school fees; in addition, she is helping with seven grandchildren. She is requesting a loan of 900,000 USH to buy more feed for her 1,000 chickens.

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
  • 109
    View loans »
    Uganda Loans Fundraising
  • $28,637,175
    Funds lent in using Kiva
  • 2,037.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Wofunira Development (C) Group's $3,525 loan helped a member food for the chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2009
Listed
Mar 21, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009