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Kola Ngo Mudu Group
In this Group: Justine, Eva, Annah, Rose, Tabu, Mike, Margret, Latima, Maimuna, Stephen
59-year-old Justine, who operates her pharmacy business from Mukono, says she expects a favorable return in her business operations once she gets this Kiva loan. This good-humored single mother of 3 says she set forth in her business 15 years ago. Justine is a lady with enterprise and initiative. She has always been confident of success. 15 years in this business has solidified and widened her insight and understanding of her type of business.
The fact that she is nurse has also been playing very much in her favor.

Justine plies her trade from a neighborhood in Mukono where there are few pharmacies. The fact that she cares to get the right drugs and restock her pharmacy often has given her strong leverage in the market. She says her monthly profits are approximately 350,000 shillings. With this Kiva loan, she says she is going 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
  • 281
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,388.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kola Ngo Mudu Group's $2,025 loan helped a member purchase medicine to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 6, 2011
Listed
Jun 3, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 2, 2012