Entrepreneurs We've Helped

Name: Susan Namanda's Group

Location: Kayunga, Uganda

Activity: Clothing Sales

Loan Used: To purchase 5 dozen dresses, 2 dozen trousers, 2 dozen tops, and pay some rent.

Description: Susan is a 23-year-old single woman. She supports her parents with her clothing shop. Susan has been running her clothing shop alone for 1.5 years. She says that people prefer her shop over other shops because she talks to her customers very nicely.

Susan is requesting a loan of 1.1 million USH. She will use this loan to pay an installment on her rent. Each month Susan must pay 700,000 USH in rent on her shop. She will also purchase some stock for her store. With her loan she will be able to buy 5 dozen dresses, 2 dozen trousers, and 2 dozen tops.

Susan dreams of some day being able to sell 10 dozen items per day. She says that if she is able to do this it will help her achieve her dream of buying a house and a car.

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.