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Bakuseka Magya Development Group Of Mukono
In this Group: Prossy, Patrick, Mohammed, Joyce, Umar, Steven, Sylvia, Otis, Christine, Annette, Nusidah*
* not pictured
Prossy N. is 46 years old and the leader of her group in Mukono. She is divorced with 8 children whose ages range from 25 years to 6 years. Prossy has been selling dry fish for 17 years and generates 80,000 USH per week from the enterprise.

The fisheries are raising prices, though, and Prossy’s capital levels are too low to maintain her standard levels of inventory. She would like to use the loan of 300,000 USH to increase her stock and keep up with demand.

The good quality of the fish she sells has created a loyal customer base and she hopes to continue being successful. Her dream is to one day have a big stall in the market and to be able to educate her children.

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
  • 158
    View loans »
    Uganda Loans Fundraising
  • $28,708,675
    Funds lent in using Kiva
  • 1,876.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bakuseka Magya Development Group Of Mukono's $1,775 loan helped a member for increase of stock.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010