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Florence's Group
In this Group: Florence, Samalie, Sheila, Fatuma, Claire, Juliet, Charles, Patrick, Sofia, Sula
Florence Nakaddu is the leader of her group in Makuno. She has five children of her own and also cares for two orphans. She has been involved in the charcoal business for four years and this is her first loan with Pearl. Recently sales have been lower than usual and she would like a loan so she may boost her business and maintain her levels of inventory.

With hard work and good management she hopes that her business will continue to remain profitable and that she will be able to continue supporting her family.

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
  • 228
    View loans »
    Uganda Loans Fundraising
  • $29,081,275
    Funds lent in using Kiva
  • 1,910.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Florence's Group's $1,575 loan helped a member more inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2009
Listed
Oct 15, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010