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Byona Biyinzika S & C Co-Operative Society Group B
In this Group: Musa, Agnes, Harriet, Mariam, Tubayungye, Grace, Beatrice, Berna, Joweria*, Harriet, Rosette, Eric, Norah, Florence, Prossy
* not pictured
To Musa, a 60-year-old father of 6, the only thing that adds up when it comes to business is success. From his estimation, it's only hard work that at length culminates into achievement.

Musa owns a restaurant in Kampala. He has been in this business for close to 7 years now. He offers all delicacies, but it is mostly the local delicacies, like cooked bananas, stemmed green vegetables, ground nut sauce, etc. that most of his clients are really partial to.

Musa is hoping to begin with a clean slate on the threshold of next year. He envisions expansion. This, he says, has been long overdue due to the fact that his clientele has been increasing.

Musa says this Kiva loan will come in handy in the purchase of more foods for his restaurant like bananas, cassava, maize flour, dried beans, ground nuts, rice, peas, yams, and sweet potatoes.

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
  • 161
    View loans »
    Uganda Loans Fundraising
  • $28,340,225
    Funds lent in using Kiva
  • 2,380.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Byona Biyinzika S & C Co-Operative Society Group B's $4,900 loan helped a member to purchase more foods for his restaurant like bananas, cassava, maize flour, dried beans, ground nuts, rice, peas, yams, and sweet potatoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 3, 2012