Rose Tumwesigye's Group
Status: Paid Back
| $4,775.00 | Loan Request | |
|---|---|---|
| $4,775.00 | Paid Back |
About the Group
| Group Name: | Rose Tumwesigye's Group |
|---|---|
| Group Members: |
Rose Tumwesigye Julius Mwesigye William Pasika Wilson Ndyanabo Edison Tumushabe Scovia Tumuhairwe Caroline Beinomugisha Edward Bikanya Dennis Beinomugisha Charles Kiyakuha Edina Muhamya John Korutaro Dominic Dikira Joseph Mubangizi Flavia Natukunda (not pictured) Berna Komushana (not pictured) Kenta Kashemeire |
| Location: | Ibanda, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $4,775.00 |
|---|---|
| Loan Use: | Restocking her retail shop with more products |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 22, 2009 |
| Date Disbursed: | Jun 11, 2009 |
| Date Funded: | Jun 22, 2009 |
| Loan Ended: | Oct 15, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10752 |
| Total Loans: | $2,902,500 |
| 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: | 2,120.0000 UGX = 1 USD |
Rose Tumwesigye is the leader of the Kakunama II Twetungure group in Ibanda. She is a friendly, determined and hardworking lady. Rose is married with six children in secondary and primary school. She also cares for four orphans.
Rose has had a retail shop as her business for eight years and although she tries so hard to make it stand, she faces the challenge of bad debtors that take goods and then fail or take a very long to pay back. She is able to make 140,000 UGX in profits per month due to the good products and good customer care that keeps attracting more and more customers. Rose has a dream of expanding her business further so that she can have a very happy family in the future. She needs another loan to be able to restock her retail shop with more goods like sugar, salt, soap, cooking oil, bread and so on.
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
Rose has had a retail shop as her business for eight years and although she tries so hard to make it stand, she faces the challenge of bad debtors that take goods and then fail or take a very long to pay back. She is able to make 140,000 UGX in profits per month due to the good products and good customer care that keeps attracting more and more customers. Rose has a dream of expanding her business further so that she can have a very happy family in the future. She needs another loan to be able to restock her retail shop with more goods like sugar, salt, soap, cooking oil, bread and so on.
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 Rose Tumwesigye's Group
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Loan has been disbursed
Location: Ibanda, Uganda
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Posted by
from Ibanda, Uganda
Jun 23, 2009 |
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Comment on this entry
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Repayment Schedule for Rose Tumwesigye's Group
Repayment Schedule for Rose Tumwesigye's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $1,591.67 | $1,591.67 |  Repayment Received
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| October 2009 | $1,591.67 | $1,591.67 | Repayment Received
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| November 2009 | $1,591.66 | $1,591.66 | Repayment Received
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