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Kukola Development Group, Mukono
In this Group: Margaret, Hadijah, Christine, Phiona, Hadijah, Sarah, Veronica, Justine*, Paul
* not pictured
K. Margaret, shown at the bottom left in the small photo, also appears in the group photo. She is the leader of her lending group. She is a 48-year-old married woman with four children and also has three orphans under her care.

Margaret is a focused and highly motivated entrepreneur who has been running her retail shop in Kirinya-Bombay in Mukono district for the last twenty years. Her long span in this business is, by her own account, a testament to her good relationship skills which have positively impacted her customer base.

Margaret’s profit estimates are in the range of 300,000 Ugandan shillings per week. With this loan, it’s her deduction that she will be able to substantially expand her retail business.

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
  • 149
    View loans »
    Uganda Loans Fundraising
  • $28,307,700
    Funds lent in using Kiva
  • 2,111.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kukola Development Group, Mukono's $1,250 loan helped a member to restock her shop with more goods like sugar, rice and maize flour in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2010
Listed
Mar 21, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010