Richard Atwemereireho's Group


Status: Paid Back

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

About the Group

Group Name: Richard Atwemereireho's Group
Group Members: Richard Atwemereireho
Harriet Kizza
Lakeri Natuha
Alfred Kiiza
Rosette Arinaitwe
Stephen Kamusiime
Evas Babiranga
Gertrude Kamanyire
Generous Naturinda
Anna Tuganeyo
Omugisha Tuhairwe
Asia Naturinda
Lillian Komuhendo (not pictured)
Location: Bushenyi, Uganda
Activity: Bakery

About the Loan

Loan Amount: $5,000.00
Loan Use: Buying firewood and flour for baking purposes.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 25, 2009
Date Disbursed: Jun 11, 2009
Date Funded:Jun 26, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,090.0000 UGX = 1 USD



Richard Atwemereireho is the leader of Buramba Tewtungye, a group in Bushenyi. He is a determined and dedicated 46-year-old man, who is married with three children aged 12 – 18 years. He also helps to care for two orphans. All of the children are in school.

Richard has a bakery business that he inherited from his father 20 years ago. His market area is in the Ishaka suburbs, with Mitooma secondary school and the University nearby. His main challenge has been the constant increase in price of the raw materials, such as flour and oil. He uses his motorcycle to supply the products to his customers and this makes his work a bit easier.

His kind of products include doughnuts, cookies, brown bread, pancakes, kebab and chapattis and luckily he has customers for all his products. Richard had a dream of opening up a store in the suburban town with a van to expand in the market, as well as have all his children educated up to the university level. He needs a loan to help with buying firewood and flour for baking purposes.



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 Richard Atwemereireho's Group


Loan has been disbursed
 
Entrepreneur: Richard Atwemereireho's Group
Location: Bushenyi, Uganda

Thank you for your loan. It has been disbursed to Richard Atwemereireho's Group, consisting of Richard Atwemereireho, Harriet Kizza, Lakeri Natuha, Alfred Kiiza, Rosette Arinaitwe, Stephen Kamusiime, Evas Babiranga, Gertrude Kamanyire, Generous Naturinda, Anna Tuganeyo, Omugisha Tuhairwe, Asia Naturinda, Lillian Komuhendo by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 3 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 Bushenyi, Uganda
Jun 27, 2009
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Kiva Help Repayment Schedule for Richard Atwemereireho's Group

  Expected Repayments Actual Repayments Comments
August 2009 $333.33 $333.33 Repayment Received
September 2009 $1,666.65 $1,666.65 Repayment Received
October 2009 $1,333.32 $1,333.32 Repayment Received
November 2009 $1,333.32 $1,333.32 Repayment Received
December 2009 $333.38 $333.38 Repayment Received