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Grace's Group
In this Group: Grace, Esther, Rose, Mairabi
Grace M., a mother of four caring for five dependents, is the leader of Atakola group in Jinja. She has a bar business where she sells cold drinks including sodas, mineral water, wines, beers and local brew. This will be Grace’s third loan with Pearl Microfinance, but she has received loans before from Finca Uganda. Grace needs to buy a greater volume of drinks for her bar in order to meet growing customer demand. She is grateful for her loans and the group she is in since they are cooperative and advise each other on business matters.

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
  • 154
    View loans »
    Uganda Loans Fundraising
  • $28,318,675
    Funds lent in using Kiva
  • 2,190.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Grace's Group's $1,600 loan helped a member to purchase more cold drinks such as sodas and beers for her bar.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2009
Listed
Apr 24, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009