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Nice Development Group, Mukono
In this Group: Grace, Patrick, John, Dorothy, Mariam, Joseph, Beatrice*, Juma, Paul, Margaret*, Fred
* not pictured
35-year-old O. Grace, a delightfully approachable mother of six children, has been plying her fresh foods business in Namuyenje, Mukono, for the last nine years. Notwithstanding the financial challenges and the modest profits accruing to her business, she has invariably made the avoidance of risk her first priority. Her “never beat a retreat” attitude has been her stock in trade and it seems she will continue to grow her business as a result of that attribute.

Grace’s profit margins have been mounting up and, at present, she makes weekly profits totaling up to 50,000 shillings. This is paltry but she is still optimistic that her business’s better days are in the offing.

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
  • 174
    View loans »
    Uganda Loans Fundraising
  • $28,677,475
    Funds lent in using Kiva
  • 2,289.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nice Development Group, Mukono's $1,175 loan helped a member to purchase more fresh foods like tomatoes, avocadoes and beans to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2010
Listed
May 31, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010