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Iganga Road Group
In this Group: Suzan, Benna, Milly, Fatuma, Cathy
Suzan N. is married with 4 children, all in school. For the past six years, she has been selling used clothing for women, men, and children from Jinja Market. She buys her stock from the large market in Kampala and some times from Jinja, from the recently opened stores, at a discount and then displays the items for sale at a higher price. For the stall in the market, she pays a daily fee to the authorities and with her loan, she plans to buy a bale of used clothes for her stock. By buying in larger quantities, Suzan can get a larger discount, hence more profits. She has been a member of the Iganga Road group for 2 years.

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
  • 307
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,000.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Iganga Road Group's $1,275 loan helped a member buying a bale of used clothing for re-sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2008
Listed
Dec 16, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009