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Salama Development Group 2-Mukono
In this Group: Patrick, Fred*, Prossy, Cate, Erinah, Musisi, Michael, Salim, Anthony, Rose*, Henry, Musasizi
* not pictured
34-year-old K. Patrick is affliated with Salama Development group-Mukono. A decade has now elapsed since he began his retail shop venture in Salama-Mukono. He says he began this trade with the urging of a close associate, and at length, as he has operated, it is diligence that has brought success within his grasp. Patrick says he, by and large, relied on finances from his earlier farming business to start up this business. 150,000 shillings is what accrues to his business as weekly profits. With this loan, he says he is going to purchase more retail stock to resell.

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
  • 150
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,282.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Salama Development Group 2-Mukono's $1,750 loan helped a member the purchase of more retail stock to resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 30, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011