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Namyoya Development Group-Mukono
In this Group: Grace, Zam, Justine*, Harriet, Dorothy, Wilson
* not pictured
Forty-eight-year-old Grace M. describes herself as honest, friendly and easily approachable. These virtues, she says, have won her stripes and laurels in the 10 years she has been at the helm of a clothes-selling business in Seeta-Mukono. Her customers cut across from the lowest common denominators to the middle-class people around Seeta trading center-Mukono. In a week, she makes 200,000 shillings. With the profits, she can confidently say she has been able to make ends meet. She was previously partial to an agricultural cash-crop selling business.

With this loan, this widowed mother of six wants to buy more clothes for reselling. She also wants to use part of this money to start a commercial poultry business.

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
  • 305
    View loans »
    Uganda Loans Fundraising
  • $29,652,575
    Funds lent in using Kiva
  • 2,214.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Namyoya Development Group-Mukono's $2,175 loan helped a member the purchase of more clothes for reselling and also the purchase of poultry.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2010
Listed
Aug 18, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011