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Bakristo Kweterana Group, Ibanda
In this Group: Sarah, Merab, Jovia, John, Kelemesio, Alice, Alex*
* not pictured
N. Sarah has been operating her hotel (restaurant) in Birunga, Ibanda, for the last eight years. Hard work, resilience and determination have been her winning factors over the course of these years.

For this married mother of eight, business success depends on hard work and she truly has lived up to it. In a week, she reckons she makes profits that amount to 90,000 shillings.

Sarah’s dream is to open up another branch in another part of western Uganda. This, she figures, will help her make more profits. She also wants to give her children the best education.

With proceeds from this loan, Sarah wants to take rejuvenation measures aimed at improving her hotel and she also wants to start on her plans to setup another branch. She wants to buy more furniture and cutlery for her hotel.

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

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,252.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Bakristo Kweterana Group, Ibanda's $2,125 loan helped a member to pay for refurbishment of her restaurant and also to buy more furniture and cutlery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011