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Matwopig Group
In this Group: Revocate, Proscovia, Jane, Christine, Betty, Celestine, Gloria, Tadeo
Proscovia is a 52-year-old woman. She has a gift shop that sells flowers, ribbons, glasses, and plastic chairs on a busy street. Proscovia started her business due to the demand of the community and the expected increase in income. She wishes to buy more chairs and tents for hiring out so as to earn immediate income. However, she is challenged by the competition of new entrants into the business who charge very low prices but offer poor quality items.

Proscovia wants a loan to buy more stock of ribbons and glasses to sell. She is a member of the Matwopig group, where members guarantee each other in order to acquire loans.

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
  • 288
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,525.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Matwopig Group's $1,750 loan helped a member to buy more stock of ribbons and glasses to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014