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Byona Biyinzika Savings Group C
In this Group: David, Musa, Abubaker, Margeret, Prossy, Grace, Ruth, Nulu, Asuman, Gaton
Retailing is his business occupation. 12 years experience in this business for 29-year-old David has brought him to terms with many requisite facts about retailing. He has also solidified his insight in the fundamentals of elevating a business's prospects. David says he set forth in this business with a pep talk from close acquaintances.

He was prior to this, more partial to a charcoal sales business, which he still operates. David is, on the face of it, an assiduous, affable and good-natured gentleman who sees much on the horizon for his business. He envisages better prospects in the aftermath of using this Kiva loan. His monthly gross sales revenue is to the tune of Uganda shillings 180,000.

David says this loan will lend him countenance in the purchase of more retail commodities such as sugar, salt, cooking oil, etc to resell.

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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,780.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Byona Biyinzika Savings Group C's $3,200 loan helped a member to purchase more retail commodities such as sugar, salt, cooking oil, etc to resell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Aug 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 6, 2012