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Tugumisirize Saaco Group
In this Group: Josephine, Joseph, John, Mariko, Novanto, Asiimwe, Angelina, Specioza, Charles, Tuhaise, Matia, Alijunaki, Sebastian, Josephine, Richard, Chrisestom, Tamba, Alubel, Basiima, Yoweri, William, Joseph
Josephine is a 42-year-old woman who is married with six children. She has operated a retail business for four years.

Josephine raised start-up capital for her retail business by selling her goat. She says price fluctuations are affecting the business.

Josephine would like to educate her children and move her business to a more permanent location. She requests a loan to buy sugar, salt and baking powder for sale.

Additional Information

Important Information

This loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Uganda

  • $1,800
    Average annual income
  • 134
    View loans »
    Uganda Loans Fundraising
  • $33,804,000
    Funds lent in using Kiva
  • 2,515.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Tugumisirize Saaco Group's $2,525 loan helped a member to buy sugar, salt and baking powder for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 21, 2012
Apr 13, 2012
Currency Exchange Loss:
Oct 18, 2012