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Matale Group 1, Lugazi
In this Group: Dan, Esther, Margaret, Robinah, Moses, John, Emmanuel
B. Dan is the leader of his lending group in Lugazi. He is married and has four children between the ages of 14 and 1, all of whom are in school. He also takes care of his parents. Dan has a retail shop in Matale and although he has a lot of competition from other traders, he is able to make profits that sustain his family as well as paying his children’s school fees.

Dan is so grateful for his loans because they enable him have increased stock as well as having quality products for sale. He wishes to become a wholesaler in the future, and also hopes to build rentals for an increased monthly income. Dan needs a loan to be able to buy more sugar, cooking oil, bread and other confectioneries for his shop.

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
  • 254
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 1,924.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Matale Group 1, Lugazi's $2,600 loan helped a member sugar, cooking oil, bread, and other items for store inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2009
Listed
Jan 14, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2010