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Prosper Development Group
In this Group: Cissy, Teddy, Mastula, Maria, Margret, Aisha, Specioza
Enterprising people who blaze trails as a means of gaining a new lease on life invariably act as role models for many people in societies across the globe. The same can be said of Uganda, which in recent times has seen many enterprising people set up their own businesses and thereby inspiring others. One such person was an aunt to 35-year-old Cissy K.. Cissy has for the past decade been operating a beauty salon business in Mpigi Town. She credits her aunt with a prevailing pep talk that, at length, led her to open up her own new business horizons.

Cissy says hard work, resilience, courage and constant planning have been her stocks in trade. This mother of 4 was previously operating a restaurant. In addition to her beauty salon, Cissy also operates a modest retail shop business. Weekly, she says the businesses generates for her 100,000 shillings in profit. With this loan, she says she is going to purchase another hair dryer and more braids to be used in her salon. Cissy is affiliated with Prosper development Group-Mpigi.

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
  • 259
    View loans »
    Uganda Loans Fundraising
  • $29,237,175
    Funds lent in using Kiva
  • 2,335.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosper Development Group's $1,350 loan helped a member to purchase a hair dryer and braids for her salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
Apr 12, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012