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Sanyu Development Group-Mukono
In this Group: Joseph, Agnes, Margaret, Safina*, Dinah, Fred, Daniel, Edison, Justine
* not pictured
Hard work and determination have been 47-year-old Joseph M.'s stock in trade as he oversees and operates his pharmacy business in Kirinya-Mukono. This business has been in existence for the last eight years. Joseph, a married man with six kids, says he began his pharmacy business after finishing medical school. Weekly this business generates him about $26. Joseph, who belongs to the Sanyu development group, says he is going to use this loan to purchase more drugs 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
  • 310
    View loans »
    Uganda Loans Fundraising
  • $29,253,525
    Funds lent in using Kiva
  • 2,328.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Sanyu Development Group-Mukono's $2,300 loan helped a member to purchase more drugs to resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 30, 2010
Listed
Jan 7, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2011