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Tripple Stars Development Group Of Ntungamo
In this Group: Stephen, Godwill, Joselyn, Carolyne, Laban, Boaz*
* not pictured
M. Stephen, aged 38 years with a family of six children, has been operating a retail shop in Ntungamo town selling general merchandise for over three years. There, he trades in a variety of products common for domestic use like sugar, soap, salt, cooking oil and much more, earning him a profit of 600,000 Ugandan shillings.

Stephen’s main drawback is that he has a limited stock of products in his shop that cannot satisfy his customers’ demand. Therefore, he is looking forward to increasing the stock in his business when he gets this loan and also expanding into a wholesale shop. This will help him earn more revenue and sustain his daily life needs as he envisions improving his family’s standard of living and, further, buying a motorcycle to hire out.

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
  • 310
    View loans »
    Uganda Loans Fundraising
  • $29,747,050
    Funds lent in using Kiva
  • 2,247.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tripple Stars Development Group Of Ntungamo's $725 loan helped a member to purchase more stock for his store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2010
Listed
Jun 19, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2010