Retailing is one business genre that appeals to many prospective business people in Uganda. By and large, many Ugandans find this kind of business much easier to start up and maintain unlike other business sectors, which require substantial start up and operating capital.
One Ugandan who has found retail trading worthwhile the last two decades is 54 year old Wilfred, who is a widower and father of 5, and who operates in Kayunga. Wilfred sells a variety of general merchandise retail commodities such as sugar, salt, plastics, rice, beans, cooking oil, bread, etc. Wilfred also does agriculture as a side source of income. 190,000 Ugandan shillings is what this business generates for him on a monthly basis.
With this kiva loan, Wilfred says he is going to purchase more retail commodities such as sugar, beans, rice, maize flour, cooking oil and bread to resell in his shop.
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.