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Total loan: $3,125
Nkondo Tukwatanise Group
Ibanda, Western Region, Uganda / Clothing
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Nkondo Tukwatanise Group's loan finished fundraising,
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A loan helped to buy clothes to sell second hand.
Nkondo Tukwatanise Group's story
Annet is a single mother who lost her husband in 2002. She has four children whom she takes care of in addition to some of her brother’s sons who stay her with because they need a location nearby their school. She operates a business selling second hand clothes and earns capital of 500,000 which she uses to look after the family. As part of the Nkondo Tukwatanise Group's total loan, Annet applied for a loan of 1,000,000 Ugandan shillings to add more stock of second hand clothes to her inventory which she plans to sell during the festive season. She is confident she will make big sales since the clients will be buying many Christmas clothes. Her customers are people surrounding Rubindi and other neighboring towns and villages. She is a very hardworking lady but faces challenges including insufficient capital to expand her business. In addition, it is a challenge when her children fall sick and she cannot work, which affects her income.