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Nanso Development Group, Lugazi
In this Group: Steven, Lawrence, Fatuma, Margret, Angela*, Beatrice, Joyce, Beatrice, Richard*, Aisha, Milton, Stephen, Patrick, David, Ronald*
* not pictured
With sound ideas and tenacity, one’s business operations will never be thrown out of gear. To strike a happy medium in successfully running a business, constant planning is also required.

For 34-year-old S. Steven, of Nanso Development Group, none of the above is out of the ordinary, as he has always been tenacious and has invariably brought forth sound ideas in his ten-year-old fishing and retail shop businesses in Kafunta, Lugazi. With these traits in tow, his businesses have been rejuvenating like giants refreshed in the course of every month.

Steven has been selling mostly smoked fish and a variety of general merchandise items such as sugar, salt, bread, groundnuts (peanuts), paraffin (kerosene) and exercise books. His wife helps him at his retail shop.

Steven started off as a farmer before he became partial to the aforementioned businesses. He also operates a commercial motorcycle business. Hard work, he says, is for him the byword for the success of his businesses.

With this loan, Steven wants to buy more bags of sugar, salt, groundnuts, bread, etc., for resale. He also wants to buy more fishing nets.

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
  • 175
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,250.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nanso Development Group, Lugazi's $3,875 loan helped a member to purchase more fishing nets and more general retail merchandise for his shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2010
Listed
Sep 23, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011