Rose Namudala's Group


Status: Paid Back

$5,000.00   Loan Request
$5,000.00   Paid Back

About the Group

Group Name: Rose Namudala's Group
Group Members: Rose Namudala
Bosco Muwonge
Annet Nakyanzi
Sabrina Nazziwa
Edith Nampewo
Annet Nambuusi
Jovia Mukisa
Imelda Mbabazi
Judith Nakintu
Pascal Kiwanuka
Juliet Nabatanzi
Kalista Ssekate
Winnie Nanyanzi
Paul Ssenkayi
William Nyakana
Location: Mubende, Uganda
Activity: Poultry

About the Loan

Loan Amount: $5,000.00
Loan Use: To buy more chicken feed and more clothes to sell.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 25, 2009
Date Disbursed: Jun 18, 2009
Date Funded:Jun 29, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,105.0000 UGX = 1 USD



Namudala Rose is an honest and hardworking married lady who has a poultry farm and sells clothes in Mubende Town council. She is 38 years old and a mother of two children. One of her children is in University while the other is in Primary 7. She also cares for two dependants. She has been running both businesses for five years and, at the moment, with the help of loans to increase her capital, she is able to make 200,000 per month. The good customer care displayed to her clients has kept them with her and in future, she hopes to turn her shop into a wholesale dealer shop to have more sales and more profit. Rose needs a loan to buy more chicken feed and more clothes to sell.



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 Namudala's Group


Loan has been disbursed
 
Entrepreneur: Rose Namudala's Group
Location: Mubende, Uganda

Thank you for your loan. It has been disbursed to Rose Namudala's Group, consisting of Rose Namudala, Bosco Muwonge, Annet Nakyanzi, Sabrina Nazziwa, Edith Nampewo, Annet Nambuusi, Jovia Mukisa, Imelda Mbabazi, Judith Nakintu, Pascal Kiwanuka, Juliet Nabatanzi, Kalista Ssekate, Winnie Nanyanzi, Paul Ssenkayi, William Nyakana by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 4 months of this loan, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mubende, Uganda
Jun 30, 2009
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Kiva Help Repayment Schedule for Rose Namudala's Group

  Expected Repayments Actual Repayments Comments
September 2009 $1,250.00 $1,250.00 Repayment Received
October 2009 $1,250.00 $1,250.00 Repayment Received
November 2009 $1,250.00 $1,250.00 Repayment Received
December 2009 $1,250.00 $1,250.00 Repayment Received