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Kifunjo Traders Group
In this Group: Molly, Evas, Justine, Oddo, Phillip, Kurinerio, Regina, Justine, Alias, Fred, Melesi, Godfrey, Edson, Christopher, Gordon, Tadeo, Stanley, Peregirino
Molly is a 45-year-old married mother of four school-going children in Kihihi. Traditionally, in Africa and Uganda in particular, women never participated in any commercial activities, not even agriculture. However the waves of change swept across Africa and women started taking a centre stage in entrepreneurship, and Molly supports this fact. She is among the many Ugandan ladies who have actively engaged in entrepreneurship with a high capacity of management.

Eight years ago, she started a lucrative retail shop business which has been a good turn for her life and her entire family's. She earns 85,000 Uganda shillings per week as profits from her retail shop and this has enabled her to send all her children to school.

It's important to note that this hard-working lady also participates in agricultural activities, particularly in banana growing, from which she earns 50,000 Uganda shillings monthly. This she describes as a very crucial income to her family and business.

This lady, who describes herself as having a high sense of public relations, plans to increase and double her sales in the future, and with her portion of this Kiva loan, she plans to buy more stock like posho, sugar, soap and beans for resale.

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
  • 297
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,570.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kifunjo Traders Group's $4,875 loan helped a member to buy more stock like sugar, posho, soap and beans for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 2, 2012