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Richard's Group
In this Group: Richard, Julius, Yona, David, Mercy, Anna, Omugisha, Asia, Peace, Kellen, Lillian
Richard A. leads a loan group in the town of Bushenyi. He is 46 years old, married and has three children, all of whom are in school. He is also raising two orphans.

Richard is a businessman who makes a living running a bakery that he inherited from his father and has successfully run for more than 10 years. He sells his goods to people in suburbs, secondary schools, a local college and in other shops. His main challenge is securing the ingredients he needs to bake, such as flour and oil.

Richard has a motorcycle that makes it easy for him to distribute bread, doughnuts, cookies, pancakes, kebabs and chapattis. His dream is to open a store in a suburban town and buy a van so that he can expand his customer base and make enough money to send his children to college. He has applied for this loan to buy more raw materials for baking such as firewood, flour and cooking oil. Without loans like this, his business would not be nearly as successful as it is. He is determined to earn a larger income and make sure that his family lives well.

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
  • 123
    View loans »
    Uganda Loans Fundraising
  • $33,852,025
    Funds lent in using Kiva
  • 1,890.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Richard's Group's $3,850 loan helped a member to buy ingredients and supplies for a bakery.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 16, 2009
Nov 1, 2009
Currency Exchange Loss:
Mar 15, 2010