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Gogaya Women's B, Ibanda Group
In this Group: Teo, Rose*, Benad, Gelasio, Abudallah, Susan, Margret, Fred, Richard, Florence*, Robinah, Evas*, Moses, Francis, Robinah
* not pictured
In business, first impressions mean everything. That is one adage that never slips N. Teo’s mind. In her six years running a bar business in Mubende town, her commitment, friendly nature and hard work have brought her dividends. This is the fascinating story of a young, single, go-getter business lady.

Teo’s business, since its inception, has been steadily bringing her profits to the tune of 400,000 shillings on a monthly basis. With this loan she is gleefully upbeat that her business will gain further ground as she intends to buy more stock of drinks like beers, sodas and wines plus more produce for resale.

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
  • 215
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,295.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Gogaya Women's B, Ibanda Group's $3,675 loan helped a member to purchase more beers, sodas and wines as well as more maize to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2010
Listed
May 28, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2010