Entrepreneurs We've Helped

Name: Margaret Wajja's Group

Location: Lugazi, Uganda

Activity: General Store

Loan Used: More shop products for shop expansion.

Description: Margaret Wajja is the proud owner of a retail shop in Kisimba. She is 38 years old and married with 4 children. In her retail shop, Margaret has been able to retain her customers and attract more by stocking her shop with products that appeal to everyone. She sells sugar, salt, soap, cooking oil, maize flour and many other things that are a necessity in a village. Margaret needs a loan to be able to buy more products so as to expand her business and make more profit.

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.