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St Jane Francis Women Group
In this Group: Goretti, Barnabus, Patrick, Michaeline, Elisa, Susan, John, Jerome, Prisca, Resty
Michaeline is a 70-year-old married woman with seven children living in Kasese, Uganda. She has been operating a supermarket for two years. Her hardships are inadequate capital to purchase enough stock, price fluctuations and inflation. Her personal goals are building a permanent home and supporting her grandchildren. Her business goal is buying land to grow crops.

Michaeline wants money to buy cassava flour to sell. She is a member of the above-mentioned group in which each member guarantees each other to access a loan.

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
  • 240
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of St Jane Francis Women Group's $1,525 loan helped a member to buy cassava flour to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013