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Iganga Road 2 Group-Jinja
In this Group: Slyvia, Masula, John, Safina, Amina, Aida, Dueslin, Amina, Ruth, Mariam*, Justine, Naasabu, Proscovia, Ruth, Damali, Francis
* not pictured
54 year old N. Slyvia has been operating a retail business along the main street in Jinja for the past 4 years. She is a widow with 4 kids who she says have all finished school courtesy of her hard work. She has been selling shoes, handbags and clothes etc. Her customer base consists of mostly the community members. She says to get established in this business, she used savings from her salary . She was working as a sales supervisor. In a week her business profits are to the tune of 150,000 shillings. With this loan she says she is going to purchase more shoes, shirts, skirts and handbags for resell. Her group is called Iganga Road

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
  • 153
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,278.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Iganga Road 2 Group-Jinja's $3,800 loan helped a member to purchase more pairs of shoes, clothes, handbags, etc, for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 28, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011