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Margaret's Group
In this Group: Margaret, Bakali, Aziki, Sam, Stanley, Stone, Charles, Peter, Ali, Moses, Joseph
Margaret W. is the proud owner of a retail shop in Kisimba. She is 38 years old and married with 4 children. In her retail shop, Margaret has been able to retain her customers and attract more by stocking her shop with products that appeal to everyone. She sells sugar, salt, soap, cooking oil, maize flour and many other things that are a necessity in a village. Margaret needs a loan to be able to buy more products so as to expand her business and make more profit.

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
  • 281
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 1,950.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Margaret's Group's $4,350 loan helped a member more shop products for shop expansion.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2009
Listed
Jan 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009