St. Francis A Kanyike Sarah Group


Status: Paying Back

$1,300.00   Loan Amount
70% repaid

About the Group

Group Name: St. Francis A Kanyike Sarah Group
Group Members: Sarah Kanyike
Harriet Naganya
Amina Namuli
Sylivia Namuyomba
Teo Nalongo
Location: Kalerwe, Uganda
Activity: Goods Distribution

About the Loan

Loan Amount: $1,300.00
Loan Use: To purchase charcoal and water wholesale
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 18, 2009
Date Disbursed: Apr 16, 2009
Date Funded:Apr 18, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,155.0000 UGX = 1 USD



Mrs. Sarah Kanyike is a widow, age 48, with six kids (four still in school) and three orphans also in school. She will use the loan to purchase charcoal and water wholesale. She can't forget how hard it was when she started the business on her own. She thanks God that Kiva is serving as an instrument to sustain her business. Her dream is to see all the children she’s looking after grow up well.





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 St. Francis A Kanyike Sarah Group


Loan has been disbursed
 
Entrepreneur: St. Francis A Kanyike Sarah Group
Location: Kalerwe, Uganda

Thank you for your loan. It has been disbursed to St. Francis A Kanyike Sarah Group, consisting of Sarah Kanyike , Harriet Naganya , Amina Namuli , Sylivia Namuyomba , Teo Nalongo 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 Kalerwe, Uganda
Apr 19, 2009
Comment on this entry

Kiva Help Repayment Schedule for St. Francis A Kanyike Sarah Group

  Expected Repayments Actual Repayments Comments
June 2009 $65.00 $64.98 Repayment Received
July 2009 $130.00 $130.00 Repayment Received
August 2009 $130.00 $130.00 Repayment Received
September 2009 $162.50 $162.52 Repayment Received
October 2009 $130.00 $130.00 Repayment Received
November 2009 $130.00 $130.00 Repayment Received
December 2009 $162.50 $162.50 Repayment Received
January 2010 $130.00 Available Jan 1  
February 2010 $162.50 Available Feb 1  
March 2010 $97.50 Available Mar 1