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Zinunula Group2
In this Group: Isa, Maimuna, Faith, Betty, Moses, Hassan, Mesach, Dirisa, Abasi, Hamidu
Isa M. is 27 years old and is a member of the Zinunula group in Mityana. He is a businessman with a butcher shop in Mityana town that he has been operating for one and a half years. Prior to this business, he had a business of roasting chicken, but due to the increased price of buying chicken, he changed and now he is happy with his butcher shop. Since the festive season is around the corner, Isa needs a loan to buy more meat for his shop in order to fetch more profits. Isa is not married, but he has a child and pays school fees plus upkeep for this child, while also taking care of his mother in the village. He works alone in the butcher shop and he has a dream that with the accumulated profits, he will one day buy a plot of land and build a house.

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

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $30,664,300
    Funds lent in using Kiva
  • 2,000.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Zinunula Group2's $2,325 loan helped a member to buy more meat for his butcher shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2008
Listed
Dec 9, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009