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Mutekanga A Group
In this Group: Margret, Sawuya, Salama, Aidah, Aisha
The group leader of this small group is Margret M.. She currently operates a stationary shop and is requesting a loan to purchase a photocopier. Margret is 46 years old and is married to an accountant. She has three children, ranging from 18 to 23 years of age. Her children go to school. Each week, Margret makes approximately UGX 60000 in profit. With the extra profit she will make with the help of a loan, she hopes to be able to pay the school fees for her children Margret has taken a loan from BRAC Uganda before, to the amount of UGX 300000, in order to start a wholesale business. The loan was paid back on time. Margret is joined in her small group by Sawuya T., Salama N., Aidah F., and Aisha N.. Sawuya T. has a retail shop and wants to buy a refrigerator. Salama N. is currently operating a tailoring business and wants a loan to purchase a Nero machine. Aidah F. has a poultry business and wants to use the loan to expand it. Aisha N. sells new shoes and wants to increase her stock.

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
  • 143
    View loans »
    Uganda Loans Fundraising
  • $28,654,350
    Funds lent in using Kiva
  • 1,702.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mutekanga A Group's $1,900 loan helped a member to add in business and buy a photocopier.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 10, 2008
Listed
Jun 4, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009