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Bugongi United Savings & Credit B, Kihihi Group
In this Group: Benard, Gilbert, Sitidia, Norah, Stephen, Gustine, Godfrey, Salume, Nobert, Rovis, Alex, Paulline, Night, Lawrance, Vastine, Jovia, Erick, John, Richard
Benard R.'s main source of livelihood for the past 10 years has been selling produce and foodstuffs in Bugongi, Kihihi town. It is with earnings from this business that the hardworking Benard R. has managed to sustain his family of 13 children. The 48-year-old dynamic businessman has reached a point where profits accruing to his business now amount to 300,000 Ugandan shillings in a month. With steadying progress in building his small enterprise, he reckons his future prospects are rising every passing day.

With a loan coming his way, he carries conviction that he will be able to buy more cash-crops produce like maize, cassava, peanuts, beans and rice, so that he does not run short of stock and supplies. This will improve his sales revenue and enable him to live a self-sustaining life as he looks at educating his children and they become important people who can support themselves in future.

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
  • 199
    View loans »
    Uganda Loans Fundraising
  • $32,751,300
    Funds lent in using Kiva
  • 2,265.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bugongi United Savings & Credit B, Kihihi Group's $2,825 loan helped a member purchase more stock of maize, cassava, peanuts, beans and rice for the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 22, 2010
Jul 15, 2010
Currency Exchange Loss:
Jan 15, 2011