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Kukola Development Group-Mukono
In this Group: Margaret, Sarah, Christine, Hadijja*, Justine, Catherine, Veronica, Rebecca, Zafura*, Beatrice, Sauda
* not pictured
51-year-old K. Margaret is affliated with Kukola Development Group-Mukono. She has been operating a small retail shop selling mostly soap, sugar, and bread for the last 16 years in Kirinya. Her shop attracts people from all walks of life from the lowest, middle, and highest income earners in and around Mukono.

She gives credit goes to her husband whom she says was the motivating force in getting her started in this business. Prior to that, she was selling mostly tomatoes. Her business profits are 600,000 shillings monthly, and she says with this loan she will add more retail items to her shop.

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
  • 275
    View loans »
    Uganda Loans Fundraising
  • $31,080,425
    Funds lent in using Kiva
  • 2,305.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kukola Development Group-Mukono's $2,150 loan helped a member to purchase items to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2010
Listed
Jan 12, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011