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Florence's Group
In this Group: Florence, Deborah, Elizabeth, Harriet, Robinah, Monica, Hasifah, Ruth, Margaret, Angella, Harriet, Ruth, Madinah, Clemy, Resty, Florence, Maria
N. Florence is the leader of Kirabo group in Seeta. She is 45 years old and a mother of 5 children; she also cares for 2 dependents. Florence has had a business selling fresh food at the Seeta central market for over 15 years. She sells all kinds of foods and fresh vegetables and as a result, she has been able to create a strong customer base hence making more money. This is her first time to seek a loan from Pearl Microfinance and she hopes to recapitalize her business by buying more produce with her loan.

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
  • 190
    View loans »
    Uganda Loans Fundraising
  • $29,133,525
    Funds lent in using Kiva
  • 2,097.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Florence's Group's $2,225 loan helped a member buying more produce for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2009
Listed
Jul 20, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2009