Maria Nakiganda ‘s Group


Status: Paid Back

$1,225.00   Loan Request
$1,225.00   Paid Back

About the Group

Group Name: Maria Nakiganda ‘s Group
Group Members: Maria Nakiganda
Swagila Nalinya
Paulina Nantongo
Stella Nankabirwa
Resty Nayiga
Location: Kampala, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $1,225.00
Loan Use: To buy a refrigerator
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 19, 2009
Date Disbursed: Apr 22, 2009
Date Funded:May 20, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,210.5000 UGX = 1 USD



Maria is 45 years of age and married with six children between 6 and 20 years old. All of her children go to school. She owns a two-room house where she lives with six family members .She has access to electricity, but no piped water in her home. The family gets three meals a day.

Maria sells cold drinks in Ndeeba Market, one of the city suburbs. She doesn't incur transport expenses because she buys from suppliers near where she works. Her monthly expenses include rent for her place of work and school fees for her children. Maria sells to all categories of people and works six days week. She has been in this business for over ten years. This is her fourteenth loan since she joined MCDT seven years ago, and she has always worked with the same group mates. Maria wants to use this loan to buy another refrigerator and to pay school fees for her children. She aspires to see her business growing bigger and to rent a second corner where she can sell drinks.









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 Maria Nakiganda ‘s Group


Loan has been disbursed
 
Entrepreneur: Maria Nakiganda ‘s Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Maria Nakiganda ‘s group, consisting of Maria Nakiganda, Swagila Nalinya , Paulina Nantongo , Stella Nankabirwa, Resty Nayiga 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 21, 2009
Comment on this entry

Maria |Nakiganda 's journal
 
Entrepreneur: Maria Nakiganda ‘s Group
Location: Kampala, Uganda

Maria was paid a visit by the credit officer and found her family doing well with basic needs being met and improved housing she had access to the main market in Ndeeba and neighboring areas

Where her bar is located She has got more customers now and she is very great full to kiva for giving her this opportunity


Posted by Aloo Beatrice from Kampala, Uganda
Jun 30, 2009
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Kiva Help Repayment Schedule for Maria Nakiganda ‘s Group

  Expected Repayments Actual Repayments Comments
July 2009 $255.20 $256.75 Repayment Received
August 2009 $204.16 $429.84 Repayment Received
September 2009 $255.20 $27.97 Repayment Received
October 2009 $204.16 $204.16 Repayment Received
November 2009 $255.20 $255.20 Repayment Received
December 2009 $51.08 $51.08 Repayment Received