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Victory Nabingo D Group
In this Group: Goretti, Milly, Margret, Grace, Aisha
The group leader of this small group is Goretti N.. She is currently in the business of running a restaurant and bar and is requesting a loan to add working capital. Goretti is 30 years old and is married to her husband who also works. She has 3 children ranging from age 10 to 18 and her children go to school. Each week, Goretti makes approximately UGX 50000 in profits and with the extra profits from her loan, she hopes to be able to add to her restaurant.

Goretti is joined in her small group by Milly N., Margret N., Aisha N., and Grace N.. Milly N. has a salon business and wants to buy a hair dryer. Margret N. is currently operating a business selling raw food and wants a loan to start a business selling cold drinks. Aisha N. operates a restaurant business and wants to purchase more kitchen utensils. Grace N. is currently in the business of making and selling snacks and is requesting a loan to buy a microwave.

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
  • 235
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 1,708.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Victory Nabingo D Group's $1,525 loan helped a member to expand restaurant business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 20, 2008
Listed
Jul 8, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009