Entrepreneurs We've Helped

Name: Carol Nakintu's Group

Location: Lugazi, Uganda

Activity: Beauty Salon

Loan Used: Buying beauty supplies to expand her business

Description: Carol Nakintu is a very friendly person who owns a beauty salon called Mama Emmanuel's. She is a 34 year old mother and wife of 5 children. In her salon, she does braiding, weaving, shampooing and setting, retouching and all kinds of treatments with a plan to enlarge her salon's offerings to include facials. She works hard to ensure that her children attain the best of education by ensuring that her salon continues to grow. Carol plans to use her loan to buy more braids, weaves, shampoos and chemicals for her business.

About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.