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Alice's Group
In this Group: Alice, Afuwa, Salima, Jooga, Muhamudu, George, Charles, Halima, Yusufu, Amos, Sharifa, Florence, Farida*
* not pictured
Alice K. is the leader of her group in Lugazi. She is a hardworking and determined lady who has had a retail shop in the Samuuka trading center for 10 years. Before the retail shop, Alice was a farmer and because her farm produce was mostly affected by seasonal changes and fluctuating prices, she opened up a shop from which she makes 60,000 Ugandan shillings as a weekly profit.

She is grateful for her loans since they help increase her capital and hence, her profitability. Alice has a dream of becoming a wholesale supplier of shop products so that she could be able to educate her children to the last level. She is a mother of six children ranging in age from 3 to 17 years and she takes care of other orphans.

Alice needs a loan to help add more capital into her business since this ensures a steady running of the business and payment of school fees on time.

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
  • 327
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 1,904.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Alice's Group's $4,900 loan helped a member restocking her retail shop with more products for increased productivity.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2009
Listed
Oct 8, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010