Under the auspices of close relatives and friends, Zaituni decided to start up this business. Because of what she had gone through, Zaituni believed only hard work, prayers and determination would see her bringing a new lease to her family's narrow circumstances. The restaurant business is quite lucrative, provided one has a steady supply of food. This supply of food can, in most cases, be easy if one owns a farm where they can get food to cook and sell. For Zaituni, the supply of food would, in most cases, be achieved through food purchases from the many food markets in Jinja. In the course of time, her working capital was rising. The rise was mostly down to that fact that her clientele was increasing. This meant she was able to consolidate her profits and also improve on the facilities, food and service delivery at her restaurant.
Zaituni had always thought she would not be able to take care of her beloved children without her erstwhile Husband. But here she was able to provide for her family and relatives without her man. 300,000 Ugandan shillings is what this business generates for her on a monthly basis as income. She is requesting for this Kiva loan to purchase more furniture, cutlery and foods for her business.
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.
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Success!! The loan was 100% repaid