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Sangalyambogo Group
In this Group: Margret, Dirisa, Faith, Lawrence, Johnbosco, Ronald, Willy, Stella, Immaculate, Maria, Saubah, Charles, Frank, Muhammed, Angel
Stella is a member of the Sangalyambogo Group. She has two children, aged seven and six. She has a retail shop, and has been in business since 2006. She began this business to sustain her family. Her clients are the general community. She hopes to expand her business to become a wholesaler. Her challenge has been inadequate capital, and she hopes to solve this with the aid of Kiva loans through Ugafode. She hopes the partnership will grow stronger as her group continues getting loans. She is hardworking and honest and so are the other group members.

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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 257
    View loans »
    Uganda Loans Fundraising
  • $29,230,350
    Funds lent in using Kiva
  • 2,600.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Sangalyambogo Group's $2,925 loan helped a member to buy items for her retail shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014