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Namutamala Women's Group - Mpigi
In this Group: Vincent, Bosco, Latin, Emmanuel, Bosco, Juliet*, Edward*, Zekariya, Emma, Lorna, James, Josephine, Joseph, Sam, Meddie*, Ibra, Mpiima
* not pictured
Thirt-four-year-old Vincent K., who radiates gentleness, humility and steadfastness, has had a metal-shop business at his home in Mpigi for seven years. Self-motivation was the underlying factor behind the start-up of this enterprise. Prior to that, Vincent, who is married with four children, says he was more partial to farming. He still has a hand in his farming business but he says it is now more of a second fiddle means of subsistence.

He is also taking a long view as he says he wants to expand his business even further. Monthly, this metal-shop business generates profits to the tune of 200,000 shillings. With this loan, Vincent, who is affiliated with the Namutamala Women's Group - Mpigi, says he is going to purchase more metal products for reselling.

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
  • 397
    View loans »
    Uganda Loans Fundraising
  • $30,354,325
    Funds lent in using Kiva
  • 2,280.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Namutamala Women's Group - Mpigi's $4,275 loan helped a member the purchase of more metal products for resale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011