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Muhame Development Group-Mukono
In this Group: Godfrey, Sheila, Christine, Charles, Joweria, Margret, Nastanzia, Mathius
Godfrey S. is 39 years old, married, and has two children. For the past six years, Godfrey's main source of income has been from selling bananas in Nakifuma-Mukono. It is a profitable business with both middle and low income earners in his neighborhood. He started his business with encouragement from his mother. Prior to that, he was selling sand. Godfrey comes across as a cooperative, hard-working, and dedicated businessman. His weekly profits total up to 50,000 shillings. With this loan, Godfrey will buy more bananas to sell. He belongs to the Muhame Development Group-Mukono.

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
  • 224
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,315.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Muhame Development Group-Mukono's $1,450 loan helped a member to purchase bananas for resell.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Dec 2, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011