Check out some available loans that are similar to this one!
Molly's Group
In this Group: Molly, Evas, Richard, Edson, Justine, Joseph, Tadeho, Christopher, Gordon
K. Molly is a friendly and a hard-working businesswoman operating from Kifunjo Cell. She is involved in agriculture as well as having a retail shop for the past 6 years, and she is able to make some good profits that help her to take care of her family and children since she is a widow. She has business challenges of lacking of enough working capital plus the lack of manageable transport for her produce to the market; however, she is much favored by the strategic location of her business in the city centre.



Molly has a dream of expanding her business further, educating her children, plus being rich. She needs a loan to help expand her businesses so that she will be able to get school fees for her children since 2 are at the university, 1 in senior Two, while the last born is in Primary Seven vacation. Molly is the leader of her lending group in Kihihi.

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
  • 418
    View loans »
    Uganda Loans Fundraising
  • $30,364,350
    Funds lent in using Kiva
  • 1,861.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Molly's Group's $2,375 loan helped a member buying more agricultural produce for resale and restocking her retail shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 8, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010