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Monica's Group
In this Group: Monica, Stanley, Sam, Dan
Monica B., the married mother of three who also cares for one orphan, is the representative of Atakola group in Jinja. Monica has a grocery store that operates on a modest scale. When she joined her lending group, she had had the business for only one year, but since then has used her loans to increase the stock. As a result, she has been able to pay school fees for her children with the help of her husband as well as increase her business’s capital. She is requesting a new loan to help with restocking her shop with more products.

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
  • 229
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,190.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Monica's Group's $1,150 loan helped a member restocking her shop with more products.
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