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Mugusu Twimuke Tukole Group
In this Group: Sele, Constancio, Angella, Margret, Godfrey, Swalima, Rose, Beatrace, Margret
The goals of Selle, a 64-year-old married man living in Fort Portal, Uganda, are to build a permanent home and educate his children. He has been operating a retail shop for the last eight years, and customers not paying on time are his main hardship.



Selle is now requesting a loan to purchase sugar, salt and soap for resale. He aspires to expand his business into new markets and buy land to grow crops. He is part of Mugusu Twimuke Tukole Group, where each member guarantees the loan repayment of the others.

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

  • $1,500
    Average annual income
  • 138
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mugusu Twimuke Tukole Group's $750 loan helped a member to buy sugar, salt and soap to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012