Entrepreneurs We've Helped

Name: Edirisa Bukenya's Group

Location: Lugazi, Uganda

Activity: General Store

Loan Used: More sugar, salt, soap, cooking oil, eggs and so much more for shop expansion.

Description: Bukenya Edirisa is a member of Victoria women?s group in Lugazi. He is a married man with a hardworking wife and 5 children, all of which are in school. Edirisa runs a retail shop from which he sells sugar, salt, soap, cooking oil, eggs and much more. The secret behind his success is making sure that his shop is well stocked into a one stop shop. He is proud that he is no longer renting and has attained more household items and a plot of land that he will use to build commercial houses. He needs another loan to help with restocking his shop to bring in more income.

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.