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Namugongo C Group
In this Group: Margret, Margret, Pauline, Eva, Sylvia
The group leader of this small group is Margret L.. She is currently in the business of selling firewood and is requesting a loan to expand business. Margret is 22 years old and is single. Each week, L. makes approximately UGX 70000 in profits and with the extra profits from her loan, she hopes to be able to save for her children. Margret has taken a loan from BRAC Uganda before in the amount of UGX 400000 in order to invest in her business and the loan was paid back on time.

L. is joined in her small group by Margret B., Pauline N., Eva Tuhikumwe, and Sylvia N.. Margret B. has a business in Tailoring and wants to add in the business and buy a new sewing machine. Pauline N. is currently operating a business in canteen and wants a loan to increase stock. Eva Tuhikumwe operates a business of charcoal sales and wants to expand charcoal business. Sylvia N. is currently in the business of sells clothes and is requesting a loan to purchase more clothes for sale.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 362
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 1,730.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Namugongo C Group's $1,575 loan helped a member to increase the quanity of firewood for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 16, 2008
Listed
Apr 30, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009