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Bugembe Katwe Women's Group
In this Group: George, Rashida, Mutesi, Catherine, Hasfa*, Getrude, Alice, Teddy, Vicent, Zainab*, Peter, Amina*, Maureen, Saleh, Sarah, Munusa, Robinah, Sam, Sulaiman
* not pictured
If there is any business which has grown in popularity in the last five years or so, it has to be rentals. Many people are taking a liking for this business because one is assured of money from rent payments from tenants at the end of every month. This business is mostly a roaring trade in the urban areas where many people are moving. Currently, however, many of the individuals involved in this kind of business have been grumbling about a recently introduced property tax that they have to pay each month. Most of the landlords are facing a scenario where many clients are looking for cheaper options given the tough economic status quo.

George, 61 years old, has been in the rentals business for the past 17 years. He says most of them have been looking for a quick fix for the problems they face but to little avail. George, a down-to-earth father of six, says, despite that, many landlords like himself are still able to live within the ways and means of their businesses. Seventeen years of experience in this business have taught George much about how to be successful. He says he banked on savings from his farming business to take root in the business. On the side, George also ekes out additional income from a modest mattress sales enterprise that he began seven years ago.

Monthly, George says his business generates him income to the tune of 300,000 Ugandan shillings. He says that he intends to utilize this Kiva loan to purchase bags of cement, sand and other construction materials for the construction of two self-contained rooms for rent in Jinja, in the east of Uganda in East Africa.

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

  • $1,800
    Average annual income
  • 288
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,650.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bugembe Katwe Women's Group's $4,575 loan helped a member to purchase bags of cement, sand and other construction materials for the construction of two self-contained rooms for rent in Jinja.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2011
Listed
Aug 8, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 2, 2012