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Muvo Women's Group-Lugazi
In this Group: Alice, Alice, Lydia, Sanoni, Margeret, Geofrey, Rose, Robert, David, Patrick, Flavia, Safiya, Justine, Jane, Stella, John, Godfrey
50 year-old S. Alice has been affiliated with Muvo Women's group-Lugazi for the past 12 years. In the course of these years, she has been living from profits from a retailing business which is situated in Mabira-Lugazi. Alice, who previously farmed, says it was her husband's suggestion and support that that set her forth in this business.

Alice sells all types of retail general merchandise that is very popular with the majority of persons around her operating area. Close friends say Alice is dedicated, hardworking and has always been unwavering in her determination to succeed.

Alice's optimism about the future success of her business is sky high. She says that beginning to sell wholesale is a prospect she is highly taking into consideration. Weekly, this business generates 120,000 shillings of revenue.

With this loan, Alice, a happily married mother of two children, plans to buy more general merchandise retail stock to resell.

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
  • 251
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 2,318.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Muvo Women's Group-Lugazi's $4,725 loan helped a member to buy more stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011