Teopista Kyazze Group


Status: Paying Back

$1,500.00   Loan Amount
91% repaid

About the Group

Group Name: Teopista Kyazze Group
Group Members: Teopista Kyazze
Constance Kirungi
Regina Nantaba
Fausta Nanziri
Betty Nattima
Location: Kampala, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $1,500.00
Loan Use: buy more food to prepare restaurant dishes
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 23, 2009
Date Disbursed: May 29, 2009
Date Funded:Jun 24, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,070.0000 UGX = 1 USD



Teopista is the leader of a 5-member group. She is a 43-year-old, divorced woman with five children aged between 16 and 29. Three of the children go to school. She resides in and owns a three-roomed house where she is living with four people.



Teopista doesn’t take care of any additional family members. There is electricity but no piped water at her home. The family gets three meals a day. She resides and works in a semi-urban area which is on the outskirts of Kampala.



Teopista operates a restaurant in Kamwokya market, in one of the Kampala suburbs. She sells to an average of 30 people a day and sells to all categories of people. She works six days a week. She doesn’t incur any transport costs as she buys at her place of work from suppliers who get food from the villages.



Her major monthly expenses include medication, rent for the business, feeding the family. She has been in this business for the last seven years Teopista has been with MCDT for over ten years and is servicing her twentieth loan, working with the same group-mates. She wants to use this loan to buy more food and charcoal and cutlery. Teopista aspires to see her business grow bigger and own permanent business premises.

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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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Lee
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Thomas
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Don
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david
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Anonymous
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Anonymous
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arthur
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William
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colin
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Chantel McCormick
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Barry
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Christa
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Journal entries for Teopista Kyazze Group


Loan has been disbursed
 
Entrepreneur: Teopista Kyazze Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Teopista Kyazze Group, consisting of Teopista Kyazze, Constance Kirungi, Regina Nantaba, Fausta Nanziri, Betty Nattima 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
Jun 25, 2009
Comments (1)

Kiva Help Repayment Schedule for Teopista Kyazze Group

  Expected Repayments Actual Repayments Comments
August 2009 $250.00 $277.55 Repayment Received
September 2009 $312.50 $284.95 Repayment Received
October 2009 $250.00 $250.00 Repayment Received
November 2009 $250.00 $250.00 Repayment Received
December 2009 $312.50 $312.50 Repayment Received
January 2010 $125.00 Available Jan 1