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Semuti Development Group B-Mityana
In this Group: Edward, Fred, Denis, David, James, Teddy, Teo, Irene, Imelda*, Rose, Joelia
* not pictured
Edward S. is 54 years old, married, and has six children. He has been in the retail business in Maanyi-Mityana for 20 years. He began with 400,000 shillings as capital and painstakingly made headway in earning profits through hard work, perseverance, and determination. Before he ventured into this business, Edward was a shopkeeper. His dream is to expand his business into wholesale. Edward earns a profit of 150,000 shillings a week. He sells produce on the side. With this loan, Edward plans to purchase general merchandise stock for resale. He belongs to the Semuti Development group.

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

  • $1,800
    Average annual income
  • 302
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,315.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Semuti Development Group B-Mityana's $2,600 loan helped a member to purchase retail general merchandise for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2010
Listed
Dec 2, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011