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Phoebe's Group
In this Group: Phoebe, Bibian, Myres, Lydia, Lovina, Peace, Justine, Gorretti, Alex, Damazo, Resty, Abel, Janet, Jadress, Joseph, Rosette
K. Phoebe, 47, is a hardworking and determined lady with a retail shop business in Itojo Trading Centre. She has been running her shop for 23 years and her biggest challenge is thieves that disturb her shop at night, however much she puts in good security measures. She is a married lady with four children between the ages of 12 and 20, and she takes care of two dependants. She is able to make 15,000/= daily as profit, and she will need to expand her shop to be able to educate her children. Phoebe needs a loan to restock her shop with more goods to avoid shortages.

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
  • 261
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 1,950.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Phoebe's Group's $2,125 loan helped a member to restock her retail shop with more goods.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2009
Listed
Sep 19, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010