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St Marys Kasanzi Group
In this Group: Sadress, Alice, Gerald, Lucia, Richard, Nason, Constance, Mary, Sylvia
Sadress is a 50-year-old married woman with eight children and lives in Kasese,Uganda. She has been running a retail shop for 21 years, works seven days a week and 10 hours a day. She began the business to supplement her farming activities which were affected by the current global warming effects. Price fluctuation and inadequate capital hinder her business. She dreams of owning a boutique. Sadress intends to use the loan to buy clothes to sell. She is a member of St. Marys Kasanzi Group where each one guarantees the other in accessing 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
  • 287
    View loans »
    Uganda Loans Fundraising
  • $31,111,650
    Funds lent in using Kiva
  • 2,688.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of St Marys Kasanzi Group's $2,475 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013