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St Maria Development B, Mubende Group
In this Group: Federesi, Dativa, Sam, Hanifa, Milly, Aisha, Aisha*, Edward
* not pictured
N. Federesi, with raised hand, of the St Maria development group is a progressive lady who has operated a veterinary drug shop for more than 10 years in the Kyenda trading centre, Mubende. The widowed mother of 10 children, she had to run this business as well as growing agricultural produce to meet her family needs. This has earned her 400,000 Ugandan shillings per month. She is seeking a loan to buy more drugs for the shop and restock the business in order to meet customer demand. This will tide over her business as she looks at owning a building in the trading centre.

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
  • 266
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,250.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of St Maria Development B, Mubende Group's $1,700 loan helped a member buying more stock of drugs for increased inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2010
Listed
Sep 23, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011