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Kwezimba Bugalya, Mubende Group
In this Group: Joshua, Francis, Wilson, Josephine, Teopista, Manuel, Margret, Emmanuel, Daniel*, Teopista, Patrick*
* not pictured
With hard work and high self esteem traits, M. Joshua (aged 52 years) has tried beyond any limits to maintain his general merchandise retail shop. He has been operating his shop for over 10 years from Bugalya trading centre, after abandoning his former farming enterprise. Being one of the most active businesses here in Uganda, many business entrepreneurs have tried to invest in general merchandise retail shops as they normally cut across all domestic appliances. Joshua is among the lucky ones benefitting from operating this type of store.

With this loan, he hopes to be able to purchase more stock for his business, as his drawback has been in having little capital input. He also hopes to be in a position to transform the business into a wholesale one to improve his income. This will make him live up to his goals of educating his children and building a home for himself.

He belongs to a group with other members who insure and hold each other accountable in paying back the loan.

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
  • 2,254.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kwezimba Bugalya, Mubende Group's $2,225 loan helped a member to purchase more stock of home products especially utensils for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2010
Listed
Jul 23, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010