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Kolo Development Group, Mukono
In this Group: Lawrence, Molly, Annet, Jennifer, Esther, Florence
S. Lawrence, appearing in the small photo at the top left, also appears in the big photo as their group leader.

Lawrence is a hardworking and friendly man with a business selling dried fish and fresh produce from Nantabulilirwa trading centre of Mukono. He has been in business for three years and buys his fish from the landing sites in Mukono as well as buying the produce like potatoes and cassava from the farmers around his village.

Lawrence is grateful that he is able to access loans from Pearl Microfinance and this enables him to take good care of his wife and children. He needs a loan to be able to restock his businesses.

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
  • 291
    View loans »
    Uganda Loans Fundraising
  • $31,075,950
    Funds lent in using Kiva
  • 2,052.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kolo Development Group, Mukono's $800 loan helped a member to buy more dried fish and more potatoes and cassava.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010