Prisons B Chandiru Betty Group


Status: Paying Back

$900.00   Loan Amount
65% repaid

About the Group

Group Name: Prisons B Chandiru Betty Group
Group Members: Betty Chandiru
Adiru Magret
Hellen Chandiru
Joyce Tiko
Lucia Mandela
Location: Arua, Uganda
Activity: Pub

About the Loan

Loan Amount: $900.00
Loan Use: To purchase millet and millet flour, yeast, and sorghum for making local brew.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 2, 2009
Date Disbursed: Apr 23, 2009
Date Funded:May 2, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,230.0000 UGX = 1 USD



Betty Chandiru is a 40-year-old widow with five daughters and one son, all in school, as well as three additional dependents. She has operated her business of selling millet and local brew for over 20 years and is now requesting a loan to purchase millet and millet flour, yeast, and sorghum for making local brew. Betty’s dream is to buy a plot of land.



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 Prisons B Chandiru Betty Group


Loan has been disbursed
 
Entrepreneur: Prisons B Chandiru Betty Group
Location: Arua, Uganda

Thank you for your loan. It has been disbursed to Prisons B Chandiru Betty Group, consisting of Betty Chandiru , Adiru Magret, Hellen Chandiru , Joyce Tiko , Lucia Mandela 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 Arua, Uganda
May 3, 2009
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Kiva Help Repayment Schedule for Prisons B Chandiru Betty Group

  Expected Repayments Actual Repayments Comments
July 2009 $25.71 $25.71 Repayment Received
August 2009 $102.84 $102.84 Repayment Received
September 2009 $102.84 $102.84 Repayment Received
October 2009 $128.55 $128.55 Repayment Received
November 2009 $102.84 $102.84 Repayment Received
December 2009 $128.55 $128.55 Repayment Received
January 2010 $102.84 Available Jan 1  
February 2010 $102.84 Available Feb 1  
March 2010 $102.99 Available Mar 1