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Kyaterekera Development Group Of Mpigi
In this Group: Lazia, Mohammed, David, Christopher, Hanifa, John, Siragi, Bomifarufio, Matia, Augustine, Deborah, Israel, Peter, Steven, Oliva, Rashid, Mourine, Scajjabi, Rehemah, Swaibu, William
N. Lazia is not one to play second fiddle in whatever she does. In that regard, she has owed it to herself to lay great store upon her only source of income – a 7-year-old restaurant business in Bukendula, Mpigi district. She has been unwavering in her determination to succeed, ever since she lost her husband three years ago.

Where Lazia is in her business now is such an incredible testament to her endurance and hard work. She is now envisaging opening future new horizons for herself by expanding into the hotel (a larger restaurant) business. She foresees a bright future for herself and her seven children if this comes to pass

In a week, Lazia says she makes more than 50,000 shillings, enough to cater for her family’s welfare. With this loan, she is upbeat with conviction that she will purchase and store enough foodstuffs for her restaurant. She is also optimistic that in the near course of time she will expand into the more lucrative hotel business.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Uganda

  • $1,500
    Average annual income
  • 135
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,065.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Kyaterekera Development Group Of Mpigi's $3,800 loan helped a member to purchase more foodstuffs for her restaurant business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 17, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010