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Kakindu Women Development Group
In this Group: Prossy, Florence, Gorrett, Prossy, Irene, Agnes, Harriet Kiiza
Florence, a mother of three, is married. She joined the group in 2009 when they started accessing funds from UGAFODE Microfinance. Their major goal is to support each other, to grow in business and to irradicate illiteracy in their community and more so among the group members' families.

Florence sells milk and other soft drinks to the local community and by the roadside. She started the business to supplement her husband's meager income when her children started school. She wants the loan to buy more milk and soft drinks for sale. Her major challenges are limited capital and weather changes which cause shortages in milk supply, therefore raising prices. Florence is the lady seated on the extreme right in a blue shirt.

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
  • 323
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,487.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kakindu Women Development Group's $3,550 loan helped a member to buy more milk for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013