Janet Nsimbe's Group
Status: Paid Back
| $5,000.00 | Loan Request | |
|---|---|---|
| $5,000.00 | Paid Back |
About the Group
| Group Name: | Janet Nsimbe's Group |
|---|---|
| Group Members: |
Janet Nsimbe Ben Kiwalabye Resty Nsubuga Jane Ssenyonjo Justine Ntege Samuel Ssenyonjo Safina Naluyange Night Nanungi Sarah Naggayi Teddy Nakandi George Nsereko Jane Namubiru Prossy Nakalembe Mohammed Walusimbi George Jjuuko |
| Location: | Mutundwe, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $5,000.00 |
|---|---|
| Loan Use: | Restocking her retail shop and buying feed for her poultry farm |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 15, 2009 |
| Date Disbursed: | Jun 3, 2009 |
| Date Funded: | Jun 16, 2009 |
| Loan Ended: | Oct 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10683 |
| Total Loans: | $2,885,625 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Uganda |
|---|---|
| Avg Annual Income: | $1,700.00 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 2,185.0000 UGX = 1 USD |
Nsimbe Janet is the chairperson of Alinyikira group in Mutundwe. She is a strong business lady with a retail shop for 3 years and a poultry farm for a long time, both businesses she transacts at her home. In the shop, she sells general merchandise and eggs from her chickens while she also keeps broilers and layers interchangeably. She is seeking her 6th year while taking loans with the group, and she hopes to stock her shop with more goods plus buy more feed for her chickens.
Janet is a lucky mother. She has 7 children of whom 5 are graduates at the best university of Makerere while 2 are soon completing their studies at the same university. On top of this, she pays school fees and caters for 4 orphaned nephews in secondary and primary school.
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 Janet Nsimbe's Group
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Loan has been disbursed
Location: Mutundwe, Uganda
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Posted by
from Mutundwe, Uganda
Jun 17, 2009 |
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Comments (1)
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Repayment Schedule for Janet Nsimbe's Group
Repayment Schedule for Janet Nsimbe's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $625.00 | $625.00 |  Repayment Received
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| September 2009 | $1,562.50 | $1,562.50 | Repayment Received
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| October 2009 | $1,250.00 | $1,250.00 | Repayment Received
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| November 2009 | $1,562.50 | $1,562.50 | Repayment Received
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