Teopista Nalwadda ‘s Group


Status: Paid Back

$1,425.00   Loan Request
$1,425.00   Paid Back

About the Group

Group Name: Teopista Nalwadda ‘s Group
Group Members: Teopista Nalwadda
sarah Luyiga
Jane Muhumuza
sophie Musebeni
Margaret Kaddu
Location: Kampala, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,425.00
Loan Use: To buy more bananas
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 15, 2009
Date Disbursed: Mar 20, 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



Teopista Nalwadda is 45 years olod and a single mother of 2 children, aged 13 and 18 years old. Both children are in school. She owns a two room house where she lives with her family. She does not take care of additional family members. She has access to electricity but no piped water at home. The family eats three meals a day.

Teopista earns her living by selling matooke (bananas) in Kawempe market, a city suburb. She buys bananas from villages and supplies them to other market vendors. She sells at her stall and receives about 15 customers a day and sells to a variety of people. Teopista incurs extra cost for transport to and from the villages. She works seven days a week and has been in this business for 30 years. She also owns rooms and has tenants. Teopista is faced with a challenge of high transport costs and the rainy season, which makes roads impassable.

This is her 14th loan since joining MCDT and has been with MCDT for 7 years, working with the same group for a loan. Teopista wants to use this loan to buy more bananas and is aspiring to build a permanent place for her business.










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 Teopista Nalwadda ‘s Group


Loan has been disbursed
 
Entrepreneur: Teopista Nalwadda ‘s Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Teopista Nalwadda ‘s group, consisting of Teopista Nalwadda, sarah Luyiga, Jane Muhumuza, sophie Musebeni, Margaret Kaddu 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 Teopista Nalwadda ‘s Group

  Expected Repayments Actual Repayments Comments
June 2009 $445.30 $280.17 Repayment Received
July 2009 $445.30 $0.00 Repayment Received
August 2009 $356.24 $0.00 Repayment Received
September 2009 $178.16 $1,144.83 Repayment Received