A loan of $1,600 helped a member business expansion.

Mugunza A(Ii) Group's story

The leader of this small group is Musa Namugosa. She currently sells dry foods and is requesting a loan to increase her stock. Musa is 30 years old and is married; her husband is a businessman. She has 3 children ranging in age from 3.5 to 11years and her children go to school. Each week, Musa makes approximately UGX 30000 (US$18.00) in profits and, with the extra profits from her loan, she hopes to pay school fees for her late sisters' children. Musa has taken a loan from BRAC Uganda before in the amount of UGX 500000 (US$290) to invest in her business and the loan was paid back on time.

Musa is joined in her small group by Betty T., Annet N. and Annet A.. Betty T. sells maize flour and wants to expand her business. Annet N. currently sells charcoal and wants a loan to expand her business. Annet A. sells dried fish and wants to expand her business.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

In this group: Musa, Betty, Annet, Annet

Loan details

Lenders and lending teams

Loan details