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Kavuga Development Group, Mpigi
In this Group: Gladys, Margaret, Margaret, Teddy, Margaret, Juliet, Jane, Aliziki, Becky, Joyce, Sekitto, Christine*, Balibaawo*
* not pictured
Gladys S., pictured at the top left, is the leader of her lending group. She is a 56-year-old married mother of 10 children who also takes care of 4 dependents. Gladys has a retail shop in Mpigi Town Council that has been in existence for 10 years, enabling her to make 100,000/= as profits a week. Since she is able to save, she hopes to construct her own home apart from the one she occupies with her husband, and this will give her peace of mind. This will be Gladys’ twelfth loan with Pearl Microfinance which she will use to buy more goods for her 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

  • $1,800
    Average annual income
  • 234
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,019.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kavuga Development Group, Mpigi's $2,425 loan helped a member restocking her retail shop with more goods.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Feb 26, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2010