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Kayunga-Margret Mugumya Group
In this Group: Margret, Keletesia, Maganda, Margret, Lucy, Anna, Mary, Joyce Mary, Mary, Margret
Margret M. (in the back on the right) is 40 years old and a widow. She has 4 children who are all in school. Margret sells cereals in Pallisa town. She mainly targets schools because they make bulk purchases. Margret purchases her stock directly from farmers at a fair price, enabling her to earn a profit of approximately 25% of sales.



The loan is enabling Margret replenish her stock of maize, beans, and rice. Her dream is to open up a chain of outlets in the neighbouring towns. As a widow, this business has enabled her sustain her family single-handedly. She hopes that with a positive turn of events in her business dream, her children will never lack.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 321
    View loans »
    Uganda Loans Fundraising
  • $30,637,850
    Funds lent in using Kiva
  • 1,974.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kayunga-Margret Mugumya Group's $875 loan helped a member purchase maize, beans and rice for re-sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2009
Listed
Jan 18, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009