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Blessing Development Group-Kampala
In this Group: Stephern, Magret, Abu Hakeem, Bena, Aisha, Judith, Bena
It is good to know that one can make decisions running their own business, which is what 27-year-old M. Stephern discovered five years ago when he started a secretarial bureau. Prior to that, he was like many other young jobless Ugandans who spend their days looking for jobs. He did secretarial studies as a course at the university. His customers are mostly students around Mpigi Town. In a week, he makes as much as 200,000 shillings and also ekes out more profit from selling crops like maize. Happily married, he has no children yet so his responsibilities are limited. With this loan, he will be able to buy one more computer to make his work easier.

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
  • 282
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,198.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Blessing Development Group-Kampala's $2,100 loan helped a member the purchase of a new computer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Aug 11, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011