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Nakatudde Servers Group
In this Group: Moses, Stella, Florence, George, Betty, Margret, John, Gorret
Florence is a new client and in her first loan cycle. She is a widow and has two children. She operates a restaurant in the Wandegeya neighbourhood of Kampala. The purpose of this UGX 400,000 loan is to buy a fridge in order to increase her income by selling cold, fresh drinks to her customers. Florence is an honest, hard-working lady who wishes to borrow more money after this loan to expand her restaurant business thereby increasing her income. Her hope is to buy a plot of land to build a house, to be able to save money for rent, and to expand her business. She and the other group members thank Ugafode for being supportive of their businesses.

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

  • $1,800
    Average annual income
  • 287
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,560.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nakatudde Servers Group's $1,700 loan helped a member to buy a fridge.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014