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Safina's Group
In this Group: Safina, Lydia, Lillian, Martin, Amisi, Oliver, Fatuma, Zamu, Lookman, Farida, Suzan
N. Safina is the chairperson of Kajekaire group in Jinja. This is the first loan the group is getting from Pearl Microfinance and they decided to do so because they wanted to improve their livelihood through recapitalizing their businesses. Safina has a business selling new clothes for young girls and children. She moves around the trading centers in her village and to a few nearby daily markets. This is because she does not have enough stock to cater to the bigger market yet; there is a lot of taxation once you go to many markets. She has two children and she would like to see them grow into responsible citizens by educating them. Safina needs a loan to buy more clothes from Iganga.

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
  • 2,035.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Safina's Group's $1,450 loan helped a member to buy more bales of clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2009
Listed
Mar 14, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009