Kalule Alice‘s Group


Status: Paid Back

$925.00   Loan Request
$925.00   Paid Back

About the Group

Group Name: Kalule Alice‘s Group
Group Members: Alice Kalule
Harriet Nakanjako
Justine Nanfuka
Regina Semakula
Rose Serubiri
Location: Kampala, Uganda
Activity: Used Clothing

About the Loan

Loan Amount: $925.00
Loan Use: To buy more clothes for resale
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 21, 2009
Date Disbursed: Apr 21, 2009
Date Funded:Apr 21, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,165.0000 UGX = 1 USD



Alice is 50 years old and married with seven children, aged between 13 and 26 years. She owns a three roomed house where she is staying with ten people. She has access to electricity and piped water at home. Her family gets three meals a day. Alice sells second hand clothes in the Kawempe market. She uses public transport to and from shoping and she buys her supplies from the Owino Market, one of the busiest markets in Uganda. Her monthly expenses include rent for her business premises and school fees for her children.

Alice sells to all categories of people and works six days week. She has been in this business for over three years. This is her eighth loan since she joined MCDT and has been with the organization for four years, working with the same group loan mates. Alice wants to use this loan to buy more clothes for resale. She hopes to see her business grow bigger and eventually own a permanent business premises.










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 Kalule Alice‘s Group


Loan has been disbursed
 
Entrepreneur: Kalule Alice‘s Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Kalule Alice‘s group, consisting of Alice Kalule , Harriet Nakanjako, Justine Nanfuka, Regina Semakula, Rose Serubiri by Micro Credit for Development and Transformation SACCO (MCDT SACCO) in Uganda. We are excited to watch this business grow. Over the 5 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 22, 2009
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Kiva Help Repayment Schedule for Kalule Alice‘s Group

  Expected Repayments Actual Repayments Comments
June 2009 $38.54 $61.18 Repayment Received
July 2009 $154.16 $117.98 Repayment Received
August 2009 $192.70 $0.00 Repayment Received
September 2009 $154.16 $360.40 Repayment Received
October 2009 $154.16 $154.16 Repayment Received
November 2009 $192.70 $192.70 Repayment Received
December 2009 $38.58 $38.58 Repayment Received