Mawero East B Group


Status: Paying Back

$1,625.00   Loan Amount
74% repaid

About the Group

Group Name: Mawero East B Group
Group Members: shamimu Naigaga
Sumaya Nakandi
Resty Auma
Abdu Nakato
Azizi Muduwa
Jean Auma
Location: Busia, Uganda
Activity: Used Clothing

About the Loan

Loan Amount: $1,625.00
Loan Use: To buy more used clothes (skirts, blouse, dresses mostly ladies)
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 9, 2009
Date Disbursed: Apr 1, 2009
Date Funded:Apr 12, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,175.5000 UGX = 1 USD



Mrs. Naigaga Shamimu is 35 years old. She is married and has four children, three of whom are in school. She also cares for three orphans. She has been selling women's clothing -- skirts, blouses, and dresses -- for over 7 years. She is using this loan to buy more clothes. She is hard-working and dreams of building a house and rearing poultry and livestock.





About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Mawero East B Group


Loan has been disbursed
 
Entrepreneur: Mawero East B Group
Location: Busia, Uganda

Thank you for your loan. It has been disbursed to Mawero East B Group, consisting of shamimu Naigaga , Sumaya Nakandi, Resty Auma , Abdu Nakato, Azizi Muduwa , Jean Auma by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 9 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Busia, Uganda
Apr 13, 2009
Comments (1)

Kiva Help Repayment Schedule for Mawero East B Group

  Expected Repayments Actual Repayments Comments
June 2009 $162.48 $162.48 Repayment Received
July 2009 $162.48 $162.52 Repayment Received
August 2009 $162.48 $162.52 Repayment Received
September 2009 $203.10 $203.15 Repayment Received
October 2009 $162.48 $162.35 Repayment Received
November 2009 $203.10 $203.10 Repayment Received
December 2009 $162.48 $162.48 Repayment Received
January 2010 $162.48 Available Jan 1  
February 2010 $203.10 Available Feb 1  
March 2010 $40.82 Available Mar 1