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Akutwala Ekiro Nakawuka Group
In this Group: Zzeridda, Ritah, Edith, Margret, Yudaya, Harriet, Justine, Steven Lubega, Sarah, Ibra, Divina, Irene, Ruth, Joyce, Cissy, Sam, George, Vicent, Dezi, Annet, Edith
Zzeridda's cinema business is now 7 years old. This kind of entertainment is a booming business, especially in many urban areas of western Uganda. Zzeridda mostly shows Nigerian movies, which are the fascination of many people in Uganda at present.

Zzeridda, a 27-year-old happily married mother of one, says her best friend inspired her to join this business. Before that, she was mostly inclined to a modest poultry business. Zzeridda says success in her business has come from hard work and being friendly to her clients. The business generates 120,000 UGX weekly. Zzeridda plans to use this loan to purchase new movie DVDs to show at her cinema.

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
  • 322
    View loans »
    Uganda Loans Fundraising
  • $29,708,325
    Funds lent in using Kiva
  • 2,410.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Akutwala Ekiro Nakawuka Group's $4,975 loan helped a member to purchase new movie DVD'S to show at her cinema.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2011
Listed
Jun 17, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012