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Twesigangane Group, Lugazi
In this Group: Margaret, Sylivia, Josephine, Lukia, Janet, Prossy, Med, Alice, Justine, Ronald*
* not pictured
N. Margaret is the leader of her lending group in Mukono. She is a hard-working and devoted lady who has had with a retail shop in Nantabulirirwa for a long time. Margaret is married with five children and she takes care of her siblings. Her business profits and savings help her in taking care of her family and dependants. In a week, Margaret makes 40,000/= profit and she hopes to increase this when she has more stock. She needs a loan to be able to restock her shop with more sugar, salt, cooking oil, bread and soap for shop expansion.

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
  • 261
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 1,920.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Twesigangane Group, Lugazi's $2,300 loan helped a member to buy more stock for her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2009
Listed
Jan 18, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2010