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Irene's Group
In this Group: Irene, Jane, Teddy, Harriet, Betty, Margaret, William, Beatrice
L. Irene is the leader of her lending group in Mukono. She is 30 years old and married with 2 children aged 9 and 7, both in primary school. She also helps to take care of her parents in the village who are sickly. She is very hard-working and has had a motor vehicle spare parts business in Kisekka market in Kampala for 7 years. She is able to make 200,000/= as weekly profits.



She started up her business in 2002 after being an employee earning a salary, but now she is the one who employs others. She is faced with a lot of competition, high rent costs, taxation, and high transport costs for bringing the spare parts to Kampala from Dubai.



Irene has a plan of starting her own reflector workshop so that she would be able to increase her income; and in future, she plans, together with her husband, to build commercial houses in their home area of Mukono. She needs a loan to be able to buy more spare parts that are currently missing in her shop. The profits will help in catering for her household including the children’s school fees and saving for future developments.

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
  • 288
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,075.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Irene's Group's $3,125 loan helped a member buying more spare parts for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2009
Listed
Aug 25, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010