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Nyikira Okole Women's Group A
In this Group: Steven, Florence, Rose, Ronah, Sarah, France, Jalia
Steven, a 49-year-old hard-grinding entrepreneur has been engaged in a retailing enterprise for 12 years now. He plys his trade in Kampala. At his shop, he sells a variety of general merchandise though his major drawback has been inconsistency in restocking his shop with goodies. This normally comes to pass when customer demand increases. He says he set forth in his business with the persuasion of friends.

Before then, he was and is still operating his poultry business. Savings from the poultry business enabled him to take root. Weekly he says this business generates him 150,000 shillings as profit. He says that with this loan, he is going to purchase more retail commodities 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
  • 319
    View loans »
    Uganda Loans Fundraising
  • $30,629,375
    Funds lent in using Kiva
  • 2,385.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyikira Okole Women's Group A's $2,750 loan helped a member to buy retail commodities to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 6, 2012