Check out some available loans that are similar to this one!
Mugunza A(Ii) Group
In this Group: Musa, Betty, Annet, Annet
The leader of this small group is Musa Namugosa. She currently sells dry foods and is requesting a loan to increase her stock. Musa is 30 years old and is married; her husband is a businessman. She has 3 children ranging in age from 3.5 to 11years and her children go to school. Each week, Musa makes approximately UGX 30000 (US$18.00) in profits and, with the extra profits from her loan, she hopes to pay school fees for her late sisters' children. Musa has taken a loan from BRAC Uganda before in the amount of UGX 500000 (US$290) to invest in her business and the loan was paid back on time.

Musa is joined in her small group by Betty T., Annet N. and Annet A.. Betty T. sells maize flour and wants to expand her business. Annet N. currently sells charcoal and wants a loan to expand her business. Annet A. sells dried fish and wants to expand her business.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

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

  • $1,800
    Average annual income
  • 220
    View loans »
    Uganda Loans Fundraising
  • $32,028,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mugunza A(Ii) Group's $1,600 loan helped a member business expansion.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 14, 2008
May 12, 2008
Currency Exchange Loss:
Jul 15, 2009