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Mutungo South Namutebi Resty Group
In this Group: Resty, Hamida, Mastula, Harriet, Justine
N. Resty is a happy business lady. She is twenty-four, married and has one child who goes to school. She has another dependent who also goes to school.

She owns a fridge and sells soft drinks such as sodas, passion fruit drinks and mineral water. She has been running her business for over four years. She is using the loan to purchase soft drinks to sell. She is a determined, hardworking business lady whose future plan is to open a shop.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 309
    View loans »
    Uganda Loans Fundraising
  • $29,633,250
    Funds lent in using Kiva
  • 2,047.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mutungo South Namutebi Resty Group's $650 loan helped a member to purchase soft drinks for resale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2010
Listed
Mar 10, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011