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Milly's Group
In this Group: Milly, Alice, Rose, Emmanuel, Beatrice, Musa
K. Milly is the leader of her lending group in Kampala. She is a widow with four children, two of whom are orphans. Ever since her husband died, she has taken up the responsibility of caring for her children and paying their school fees. Two are in candidate classes and the others are in lower grades. Loans have helped Milly reinvest in her salon business. She has purchased more hair extensions, hair chemicals, a hair dryer and so on, and these have helped her build up her salon and attract more customers. Milly needs a loan to help restock her salon with more items for increased income.

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
  • 311
    View loans »
    Uganda Loans Fundraising
  • $30,618,975
    Funds lent in using Kiva
  • 1,878.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Milly's Group's $1,500 loan helped a member to restock her salon with more items like hair chemicals, braids, weaves and others.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2009
Listed
Nov 2, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2010