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Kito Development Group 2-Mukono
In this Group: Betty, Rebecca, Nalwanga, Annet, Mariam, Sharifa*, Hassan
* not pictured
Twenty-nine-year-old Betty N. has a penchant for hard work. Over the last 11 years, this disposition has been of paramount importance in the smooth running of her beauty salon business in Kito-Mukono. Hard work is something she has been stressing, especially about the work of her workers. This business generates 180,000 shillings for Betty weekly. By her own account, this married mother of two says it is a business that she began with a friend’s persuasion. With this loan, she says she is anticipating the purchase of more cosmetics to use at her beauty salon.

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
  • 173
    View loans »
    Uganda Loans Fundraising
  • $28,719,850
    Funds lent in using Kiva
  • 2,282.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kito Development Group 2-Mukono's $1,950 loan helped a member to buy more cosmetics for her beauty salon.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 30, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 28, 2011