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Ggulu Development Group-Mukono
In this Group: Sylivia, Daniel, Anatoli, Faith, Kassim
Any business gains a credible reputation when the owner is highly principled. Integrity is a vital attribute that should elevate the prospects of any business. A certain 30-year-old hard-working lady by the name of N. Sylivia lends credence to the above. Her good demeanor has over the last three years struck a good chord with clients who incessantly flock to her popular general retail shop in Ggulu-Mukono. Being honorable has also been another trump card that she has used to the advantage of her business.

Her shop deals in an array of goods such as soap, sugar and beans. In a week her profit returns add up to about $45. Under the auspices of this loan, she wants to buy more bags of beans, rice, sugar and maize flour, all for resale.

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
  • 262
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ggulu Development Group-Mukono's $1,075 loan helped a member the purchase of more bags of beans, rice, maize flour and sugar.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010