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Bisoboka Group 1, Lugazi
In this Group: Margaret, Prossy, Patrick, Rebecca, Eseza, Richard, Jenifer, Hadijah, Madina
N. Margaret is the leader of her lending group in Lugazi. She is a hard working and devoted lady with a business of selling matooke “green bananas” from Buwundo and Kizigo trading centres. She is a single mother with 2 children and she takes care of her other siblings, and she is grateful that the loans have helped her cope. She buys her matooke from the trucks and from the farmers in her surrounding villages and this helps her to have enough stock for her customers which is of good quality. She needs a loan to be able to stock more bunches of matooke to her stall since this will give her more profits after the sales to cater for other needs.

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
  • 231
    View loans »
    Uganda Loans Fundraising
  • $31,010,850
    Funds lent in using Kiva
  • 1,912.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bisoboka Group 1, Lugazi's $2,600 loan helped a member buying more matooke for resale.
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