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Bumu Development Group-Mukono
In this Group: Resty, Rose, Rose, Grace*, Abdul, Hellen, Jane, Batulomeo, Bosco
* not pictured
56-year-old Resty N. has been in the used clothing sales business for the last ten years in Kirinya-Mukono. The happily married mother of twelve says the need for self reliance motivated her to try her hand at this business. Since she began she has never looked back. With this business she has been able to provide for her family in many ways, principally the education of her kids. Resty says this business brings in about $43 a week. With this loan, she says she is going to purchase more bales of clothes to resell. Resty belongs to the Bumu 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

  • $1,500
    Average annual income
  • 109
    View loans »
    Uganda Loans Fundraising
  • $28,637,175
    Funds lent in using Kiva
  • 2,330.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bumu Development Group-Mukono's $2,275 loan helped a member the purchase of more bales of used clothing for resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 30, 2010
Listed
Jan 8, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 1, 2011