A loan of $825 helped a member to buy more merchandise to expand a retail store.

Bagulete I B Group's story

Jane M. is a 30-year-old mother of five young children. She makes a living by running a retail store in Kamuli, Uganda, and wishes to buy more merchandise to expand her store. Currently, she earns 20,0000 Ugandan shillings, or 12 U.S. dollars, each week. With the extra profits, she plans on covering basic needs, such as home repairs, clothes, and mandatory school fees.

Jane has applied for a loan of $825 U.S. dollars along with two other women. In this type of group loan, the money is divided among each woman to invest in her own business. They guarantee each other's loans, so that if one woman can't repay it, the others will cover her share. Ruth B. hopes to grow her grocery store, and Lovisa K. wants to expand her retail shop. Jane has taken out a loan before and paid it back on time, so she is confident that she will be able to repay this one as well.

In this group: Jane, Ruth, Lovisa

Loan details

Lenders and lending teams

Loan details