Rwenshekye God's Mercy Group, Ntungamo

|

More

Location:	Ntungamo, Uganda		Repayment Term:	6 months (more info)
Activity:	Carpentry		Repayment Schedule:	Monthly
Loan Use:	To purchase carpentry materials and tools		Currency Exchange Loss:	Possible
			Default Protection:	Not Covered

Karyarugokwe Polly is the leader of his lending group in Ntungamo. He is married with five children aged between four and thirteen years. Polly is a businessman who, for the last eight years, has run a carpentry workshop in Nkongoro trading center. His biggest business challenge is insufficient business capital and the small store from which he operates. He says that his business location and honesty with customers would have enabled him to make more profit had he had the necessary capital to invest into his business. Polly is requesting a loan to purchase more materials and tools for his business.



About Group Loans

In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn More