Funded

Total loan: $1,050
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Bugongi United Savings And Credit Group D-Kihihi

Uganda
Kihihi, Uganda / General Store

A loan of $1,050 helped a member to purchase more beans, bars of soap, sugar, etc., to resell.


Bugongi United Savings And Credit Group D-Kihihi's story

Julius T., 30, has been affiliated with Bugongi United Savings and Credit Group-Kihihi for the past 10 years.

It is from his small farming business that this happily married father of two was able to set the balling rolling to create his current retail business. Hard work is what Julius is known for, and his diligence has been bringing in dividends.

Julius sells a wide range of general merchandise retail items such as sugar, salt, beans, rice, etc. He does not have many of the aforementioned commodities in bulk, however, and he often runs out of stock because his operating capital is not yet at a sustainable level.

Monthly, this business generates him 200,000 shillings, and with this loan, he says he is going to purchase more beans, bars of soap, sugar, etc., to resell.

In this group: Julius, Keresanta, Daniel, Speech, Nicholas*, Anthony, Alex, Alex
*not pictured


Loan details

Loan length:

10 months
Disbursed date: December 22, 2010
Facilitated by Field Partner: Pearl Microfinance Limited

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: December 22, 2010
Facilitated by Field Partner: Pearl Microfinance Limited