Aidah Kembabazi's Group


Status: Paid Back

$1,375.00   Loan Request
$1,375.00   Paid Back

About the Group

Group Name: Aidah Kembabazi's Group
Group Members: Aidah Kembabazi
Zulaika Kukulakwetta
Merina Nababiito
Betty Namutebi
Winnie Nantume
Location: Kampala, Uganda
Activity: Retail

About the Loan

Loan Amount: $1,375.00
Loan Use: To buy more Merchandise
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 15, 2009
Date Disbursed: Mar 19, 2009
Date Funded:Apr 15, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,181.9600 UGX = 1 USD



Aidah Kembabazi is 55 years old and married with 5 children aged between 19 and 34 years. Three of her children go to school. She owns a five room house where she lives with six people. She doesn’t take care of additional family members. She has access to electricity and piped water at home and her family gets three meals a day.

Aidah runs a retail shop to earn her living in Kisaasi, a suburb. She rents her stall at 65,000 a month and receives about 20 customers a day. She sells to a variety of people. Aidah uses public transport to and from shopping in Kampala, Uganda. She works seven days a week and has been in this business for 6 years. She also raises pigs.

Aidah is faced with thieves who break in and steal all her merchandise. She is trying to build a strong block to curb thieves. This is her 8th loan since joining MCDT and has been with MCDT for 4 years and has worked with the same group mates. Aidah wants to use this loan to buy more merchandise for her shop. Aidah is aspiring to own a wholesale shop from her savings .





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 Aidah Kembabazi's Group


Loan has been disbursed
 
Entrepreneur: Aidah Kembabazi's Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Aidah Kembabazi's group, consisting of Aidah Kembabazi , Zulaika Kukulakwetta, Merina Nababiito, Betty Namutebi, Winnie Nantume by Micro Credit for Development and Transformation SACCO (MCDT SACCO) in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Micro Credit for Development and Transformation SACCO (MCDT SACCO) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampala, Uganda
Apr 16, 2009
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Kiva Help Repayment Schedule for Aidah Kembabazi's Group

  Expected Repayments Actual Repayments Comments
June 2009 $515.64 $330.22 Repayment Received
July 2009 $343.76 $0.00 Repayment Received
August 2009 $343.76 $0.00 Repayment Received
September 2009 $171.84 $1,044.78 Repayment Received