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Nile Lending (B) Group
In this Group: Monica, Jayce, Safina, Yayire, Jeffrey, Nalango, Kate, Ruth, Marie
Monica is a trained nurse running a much needed pharmacy in Jinja. Monica opened this pharmacy immediately after finishing school and it has now been open for three years. Monica’s husband is the head teacher at a high school in the area. Together they have two children, a boy, who is 3 and a little girl (being held by Monica in the picture above), who is 2. Each week Monica sells about 200,000 USH worth of medicines a week, and from that she is able to save 30,000 USH. Her savings are not as much as she would like because she is still renting her shop area. She pays 100,000 USH for her two-room shop per month. Monica is requesting a loan of 500,000 USH to restock her supply of medicines.She usually buys them a few times a week, but when she gets a loan she can restock more quickly and efficiently.

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
  • 234
    View loans »
    Uganda Loans Fundraising
  • $31,033,550
    Funds lent in using Kiva
  • 2,037.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Nile Lending (B) Group's $3,450 loan helped a member to restock the supplies of medicine.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2009
Listed
Mar 21, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009