Check out some available loans that are similar to this one!
Mike's Group
In this Group: Mike, Magdalene, Bernald, Joyce, Godfrey, Possiano, Resty, Lawrence, Noelina, Sirajje
K. Mike is the leader of his lending group in Mityana. He is a hard-working, friendly, and determined man with a produce-selling business that he has been running for a very long time. Mike is well connected among the farmers that provide and supply him with produce, and he is happy that he makes some profits that help him run his family plus pay his children’s school fees. He has a dream of expanding his business by having a second store, so as to increase his income and hence his profits. Mike needs a loan to help restock his business with more produce so that he can make more profit from it.

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
  • 309
    View loans »
    Uganda Loans Fundraising
  • $30,615,075
    Funds lent in using Kiva
  • 1,924.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mike's Group's $3,900 loan helped a member to buy more produce for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2009
Listed
Oct 6, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010