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Akatongore Sacco Group, Ibanda
In this Group: Prossy, Edward, Beatrice, Elidard, Oliver, Hannington, Mable, Enock, Moses, Mable, Jovanisi, Augustine, Lauben, Grace
Prossy A. is the leader of her lending group in Ibanda. She is 31 years old and married with 3 children, who are all in primary and secondary schools. She also takes care of 1 dependant. Prossy has a hotel and retail shop business in Akatongore Migina, both businesses that she has owned for 8 years. She is able to make 100,000UGX as profit per week and this is mostly attributed to the good customer care and the help of loans. Prossy has a dream of getting a good house and big land for her family, as well as educating her children. She needs a loan to help add more stock and value to her business for growth and development. Prossy is such a hard working lady with a strong drive to succeed.

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
  • 230
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 1,915.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Akatongore Sacco Group, Ibanda's $4,600 loan helped a member to buying more food stuffs for her restaurant and more goods for her retail shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2009
Listed
Dec 21, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2010