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Nswanjere Farmers United Group
In this Group: Faridah, Betty, Pothiano, Paul, Justin, Jane, Issa, Jane, John, Martin, Christopher
32-year-old Faridah N. has been operating her pharmacy business for the past 4 years in Mpigi Town. On the face of it, this happily married mother of 3 seems a courteous and down-to-earth person. From the accounts of many of her clients, Faridah is indeed a kind and approachable person. This has at length significantly impacted her business, principally from the angle of striking a chord with many clients. Over time, Faridah has established her own niche in the market. Subsequently, her pharmacy sales revenue has been increasing.

Faridah is a trained nurse and before she ventured into the pharmacy business, she was operating a retail shop and a restaurant. Faridah also does some small-scale farming. Weekly, she says her gross business profits are about 80,000 shillings. She says with this loan, she is going to purchase more medicine 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

  • $1,800
    Average annual income
  • 244
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,388.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nswanjere Farmers United Group's $1,850 loan helped a member the purchase of more medicine to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 13, 2011
Listed
May 10, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 6, 2012