Funded

Total loan: $2,550
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Magezi Bugaga Group, Mukono

Uganda
Mukono, Uganda / General Store

A loan of $2,550 helped a member restocking her retail shop with more goods and completing school fees for her children.


Magezi Bugaga Group, Mukono's story

At the top left of the group photo is N. Jane. She is 50 years old and the leader of her lending group in Mukono. Jane is a hard-working lady with a retail shop business in Kisega that has been in existence for 20 years, and she is happy that she is able to make weekly profits amounting to 100,000/=. She is married with 7 children as she also takes care of orphans. In order to continue taking good care of her family in every way, she hopes to expand her business by constructing her own business premises so that she can stop renting. This will also enable her to provide school fees for all her dependents.

Jane needs a loan to be able to restock her shop with more goods as well as to pay school fees for her children. She says that all in all, her loans help to boost her capital base. (At the back left is the Accountant for the branch, hence not part of the group.)

In this group: Jane, John, Akamada, Rashidah, Amise, Peter, Felomera, Lawrence*
*not pictured


Loan details

Loan length:

6 months
Disbursed date: February 22, 2010
Facilitated by Field Partner: Pearl Microfinance Limited

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: February 22, 2010
Facilitated by Field Partner: Pearl Microfinance Limited