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Rushuma Twimukye Group B
In this Group: Annet, Godfrey, Vicent, Mebro, Constance, Mathew, Edmond, Herbert, Russia
Retailing has been 35-year-old Annet's business for 6 years now. The warmhearted mother of 4 operates from Kihihi in Western Uganda. Retailing is quite a highly favored trade in Western Uganda. Most people have been able to keep their heads above the water with earnings from this trade.

Annet's retail shop is teeming with a variety of general merchandise commodities such as soap, sugar, maize flour, paraffin, etc. These commodities sell well and at length, Annet has been able to reinvest most of the profits she makes. This has ensured continuity in her transactions.

Notwithstanding that, Annet has also had her fair share of business adversity that she says has not in any way dampened her spirits but rather emboldened her to work assiduously hard to succeed. She has learned to take most of the adversity within her stride. This has been her calling card in many ways.

On the side, Annet also does some banana farming. With this side business she is able to eke out additional profits. Weekly her retail sales gross profits are to the tune of 140,000 shillings.

Annet says she is requesting this Kiva loan to purchase more retail commodities such as beans, rice, salt, maize flour, cooking oil, 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
  • 141
    View loans »
    Uganda Loans Fundraising
  • $28,307,700
    Funds lent in using Kiva
  • 2,555.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rushuma Twimukye Group B's $1,575 loan helped a member to purchase more retail commodities such as beans, rice, salt, maize flour, cooking oil, etc. to resell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Possible
Ended:
May 10, 2012