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Byona Biyinzika Savings Group D
In this Group: Norah, Sarah, Lawrence, Samuel, Mariam, Harriet, Florence, Teo, Harriet
Norah, 32 years old has been in the beauty salon business for the past seven years. The mother of three plies her business in Kampala. Beauty salons in Kampala do great business, mostly on the weekends. Most of these salons depend on word of mouth public relations. The majority of the salon owners tend as much as possible to get into the good graces of their clients. This, without a shadow of a doubt, impacts significantly on the businesses. These salons are in most cases frequented by women who are inclined to stay in vogue. Most of the salon owners invariably want to be at the beck and call of their clients.

Entrepreneurs like Norah have banked on stocks in trade similar to the aforementioned. Norah says she set forth in her business with a friend's prevail upon influence. Her weekly gross income totals Uganda shillings 130,000.

She intends to use this Kiva loan to purchase better cosmetics and other salon equipment to use at her beauty salon.

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
  • 142
    View loans »
    Uganda Loans Fundraising
  • $28,287,225
    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 D's $3,450 loan helped a member to purchase better cosmetics and other salon equipment to use at her beauty salon.
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:
Feb 2, 2012