Check out some available loans that are similar to this one!
Asuman's Group
In this Group: Asuman, Jackline, Flavia, Halima, Flavia, Harriet, Musa, Jalia, Betty, Hawa, Jackie
K. Asuman is the leader of Namungoona group in Kampala. He is 30 years old and has a business of selling electricals, phones and phone accessories. He has had three years in his business whereby he first had it in Kisenyi suburbs and has now relocated to Bakuli, Mengo where the customer base is large enough for his business. Asuman needs a loan to buy more phones plus their accessories from the city shops and he would like to be able to buy them from Kenya where the prices are a bit favorable. He cares for 1 boy on his elder brother’s behalf since he can not cater for him at the moment. He says the secret to his business success is being able to seek advice from other friends in business as well as the use of loans from Pearl Microfinance.

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
  • 266
    View loans »
    Uganda Loans Fundraising
  • $29,205,025
    Funds lent in using Kiva
  • 2,037.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Asuman's Group's $4,375 loan helped a member buying more phones and phone accessories for his shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2009
Listed
Mar 21, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009