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Nakazadde Group, Lugazi
In this Group: Margaret, Irene, Florence, Elly, Betty, Betty, Aisha, Nefisa, Sylivia, Serina, Elizabeth, Betty, Zainah, Prossy
Margaret N. is a hardworking lady. She is married with four children ranging in age from 4 to 11, all in the primary section of school. She takes care of her siblings. Margaret has had a retail shop in Nakazadde for eight years and although her business has a lot of competition, she is able to make about 150,000 Ugandan shillings as profits a week.

In the future, Margaret plans to become a wholesaler to make more profits to be able to educate her children at the best of school for a much brighter future. Margaret needs a loan to be able to restock her retail shop with more goods to increase sales.

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
  • 320
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 1,920.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nakazadde Group, Lugazi's $4,975 loan helped a member restocking her retail shop with more goods.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2009
Listed
Dec 18, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010