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Rwengiri Modern, Ibanada Group
In this Group: Immaculate, Annet, Immy, Jennifer, Prsca, Benard, Charles*
* not pictured
A determined, hard working M. Immaculate, aged 28 years, has been operating a retail shop business selling general merchandise especially for home use like; plastics, grocery, sugar, salt and more from Ibanda Town. She started this business 2 years ago with her own savings and at the end of every month she is able to pocket profits to the tune of 80,000 Ugandan shillings.

The small profit is due to her main drawback of having a small stock in business that cannot match the purchasing rate of the customers. Immaculate is therefore seeking a loan that will help her stock more goods to satisfy the customers’ high demand and also transform her enterprise into a larger one.

Being very committed to the business and with good customer care, she hopes to increase her sales revenue. This will bring about a transformation in her business as she hopes to turn it into a wholesale business which will enable her to achieve a self sustaining life and meet her personal requirements.

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
  • 109
    View loans »
    Uganda Loans Fundraising
  • $28,637,175
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rwengiri Modern, Ibanada Group's $800 loan helped a member business restocking.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010