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Ivunamba Development Group
In this Group: Gorreti, Madina, Harriet, Mariam, Mawazi, Mathias, Monic, Samalie, Slyvia, Cissy, Hadijja, Mariam, Rebecca, Aminah, Zaituni, Herman
41-year-old Gorreti says the nine years she has spent in her greengrocery business in Jinja have been years of hard work, perseverance, determination and reflection. She says laying to heart the different experiences that have come with running this business has been momentous. In a nutshell, she says reflecting on her chequered experiences has helped her plan for her business in a more systematic and organized manner.

Gorreti who is single but has one child says she took root in this business with savings from her tailoring business. Monthly she says this business generates profits equivalent to shillings 200,000. With this Kiva loan, she feels she will be empowered to purchase more ripe bananas, jack fruit, pineapples, etc. 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
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,712,250
    Funds lent in using Kiva
  • 2,442.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Ivunamba Development Group's $4,850 loan helped a member to purchase more ripe bananas, jack fruit, pineapples, etc. to resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 2, 2012