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Annet's Group
In this Group: Annet, Justine, Hasifa, Rose, Sserwadda, Robert, Lawrence, Alice
Annet M. is the leader of her lending group in Lugazi. She is a 43-year-old lady with two businesses. She sells spare parts for wood cutting equipment and she runs a poultry business. She has been raising layers and selling eggs on a large scale for 18 years.

She says that the secret to her success is the good customer care, marketing skills and loans that add capital every 4 months, enabling her to care for her children and pay their school fees.

Annet is able to make 300,000/= (300,000 Ugandan shillings) in profits every week and she would like this to increase even more. She needs a loan to help restock her retail spare shop with more equipment and to buy more feed for her chicks.

Annet is a married lady. She has 7 children, ages 13 - 22 years, including orphans that she cares for. All of her children are in school and she helps to pay for all of their school fees.

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
  • 270
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,050.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Annet's Group's $3,175 loan helped a member buying chicken feed and spare parts for business expansion.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2009
Listed
Aug 14, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010