A loan of $5,000 helped a member restock his retail shop, farm labor.

Johnbosco's Group's story

E. Lubega is married with 6 kids. He cares for his other 3 kids and pays school fees for all his children except one who is not in school. His eldest child is in secondary school. E. has a retail shop, which he has been running for 2 years, as well as a farming business that produces coffee, which has been running for considerably longer. All his businesses are in a local trading center. He also has had a solar power business for 8 months for charging mobile phones since his neighborhood has no electricity. In a week he makes a profit of 5000 ugsh.

He says he has been successful in his business because he has no competition and he treats his customers well. Getting a loan has helped him because it has enabled him to pay for the capital requirements of his business. His business dream is to open another retail shop in a much bigger town.

He has requested a loan amount of 1,000,000 ugsh. His plan is to restock his retail shop. He also plans to buy a refrigerator so he can start selling cold drinks. This is his 6th loan from PEARL. (In the photo are 23 people of which 3 are staff from Pearl Microfinance).

In this group: Johnbosco, Nakkazza, Musoko, Kiggarta, Lubega, Kakooza, Thuyiga, Butoro, Serugo, Seuopijja, Nakyanti, Zanzziri, Mayanja, Mykaja, Tabarro, Kunera, Kukyanuzi, Karrawa, Mayanja, Mateme

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Loan details