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Atakola Lending Group
In this Group: Annet, Esther, Jamila, Milly, Dan, Monic, John, Madina
M. Annet, 31, is the leader of Atakola lending group in Jinja. She is married with 4 children and she cares for 1 niece. Annet has a retail shop that she has owned for 4 years while she has been a member of her group for 2 years. She is quick to say that life is different since she started getting loans because now she has a lot to sell and therefore more profits. She is grateful that now she is even able to save for her future plans as regards her children. Annet sells sugar, salt, cooking oil, detergents and many other things and she would like a loan to buy more goods for her shop.

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
  • 342
    View loans »
    Uganda Loans Fundraising
  • $29,753,750
    Funds lent in using Kiva
  • 2,000.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Atakola Lending Group's $2,050 loan helped a member more sugar, salt, cooking oil for her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2008
Listed
Dec 17, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009