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Mukwano  Development Group-Jinja
In this Group: Susan, Susan, Racheal, Ibrahim, Kevin, Martha*, Susan
* not pictured
Eight years ago, after 27-year-old N. Suzan got some cash from her husband, she did not hesitate to bring her business plans into fruition. She, on the spur of the moment, began her beauty salon business in Jinja Town. By all appearances, Suzan is a hard-working woman whose chances of future success are looking like being in the ascendant in the course of every passing day. This all boils down to the fact that she is a stickler for hard work and she plans for her business constantly. In a week, she gets about $22 as net profit.

She has two children who are certain to bask in the glow of her continual success. She has, however, been hard pressed at buying new things like creams for her salon. It is for that reason that Suzan says this loan will come in handy in helping her buy more cosmetics, weavers, driers and other basic requisite equipment for her salon. She is positive that with more creams in her salon and with more equipment she will attract more clients. This, she says, will help her make much more profit than she is making now.

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

  • $1,800
    Average annual income
  • 288
    View loans »
    Uganda Loans Fundraising
  • $30,664,300
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mukwano Development Group-Jinja's $2,625 loan helped a member the purchase of more cosmetics, weavers, driers and other equipment for her beauty salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011