Immaculate Nanfuka‘s Group


Status: Paid Back

$1,525.00   Loan Request
$1,525.00   Paid Back

About the Group

Group Name: Immaculate Nanfuka‘s Group
Group Members: Immaculate Nanfuka
Maria Najjuma
Cissy Kobusingye
specioza Nambooze
Rose Nankya
Location: Kampala, Uganda
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,525.00
Loan Use: To buy more fruits direct from the farmers
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 1, 2009
Date Disbursed: Apr 22, 2009
Date Funded:May 5, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,178.0000 UGX = 1 USD



Immaculate is 38 years of age, married with four children aged between 10 and 16. All her children go to school. She owns a three-roomed house where she is living with six people, and she doesn’t take care of any additional family members. She has access to electricity and piped water at home. The family gets three meals a day.



Immaculate sells fruits and vegetables in Ndeeba Market, in one of the city suburbs. She doesn’t incur any transport costs as she buys from her place of work from suppliers who get the goods from villages; that is how she earns her living. Her monthly expenses include rent for her place of work and school fees for her children.



Immaculate sells to all categories of people and works six days week. She has done this business for over four years now This is her twelfth loan since she joined MCDT, and she has been with MCDT for six years, working with the same group mates. Immaculate wants to use this loan to buy more fruits and vegetables right from the farmers and partly to pay school fees for her children She is aspiring of seeing her business growing bigger and owning 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 Immaculate Nanfuka‘s Group


Loan has been disbursed
 
Entrepreneur: Immaculate Nanfuka‘s Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Immaculate Nanfuka‘s group, consisting of Immaculate Nanfuka , Maria Najjuma, Cissy Kobusingye, specioza Nambooze, Rose Nankya 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
May 6, 2009
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Kiva Help Repayment Schedule for Immaculate Nanfuka‘s Group

  Expected Repayments Actual Repayments Comments
July 2009 $317.70 $442.02 Repayment Received
August 2009 $254.16 $357.45 Repayment Received
September 2009 $317.70 $90.09 Repayment Received
October 2009 $254.16 $254.16 Repayment Received
November 2009 $317.70 $317.70 Repayment Received
December 2009 $63.58 $63.58 Repayment Received