Hanifa Kimera's Group


Status: Paid Back

$2,750.00   Loan Request
$2,750.00   Paid Back

About the Group

Group Name: Hanifa Kimera's Group
Group Members: Hanifa Kimera
Pauline Semwogerere
Fatuma Nalwoga
Hanifa Kato
Madina Nakawunde
Mariam Zalwango
Rehema Namukasa
Teddy Naigaga
Madina Nabukenya
Rose Tumwesige
Location: Lugazi, Uganda
Activity: Tailoring

About the Loan

Loan Amount: $2,750.00
Loan Use: Buying clothing materials for her tailoring business.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 26, 2009
Date Disbursed: Jun 26, 2009
Date Funded:Jun 28, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,095.0000 UGX = 1 USD



Hanifa Kimera, a tailor in Buwola, is a hard-working lady who is proud of her livelihood since it provides for her family's needs including the school fees for her children. The loans she has been receiving from Pearl Microfinance for nine years have allowed her business to steadily progress. Hanifa now has three sewing machines, a bicycle, goats and a cow, none of which would have been possible without the loan support. She makes children’s wear, bitenge dresses, and gomesis, and she is blessed that customers go to her for their needs. Hanifa now needs a loan to help buy more clothing materials for sewing.



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 Hanifa Kimera's Group


Loan has been disbursed
 
Entrepreneur: Hanifa Kimera's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to Hanifa Kimera's Group, consisting of Hanifa Kimera, Pauline Semwogerere, Fatuma Nalwoga, Hanifa Kato, Madina Nakawunde, Mariam Zalwango, Rehema Namukasa, Teddy Naigaga, Madina Nabukenya, Rose Tumwesige 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 Lugazi, Uganda
Jun 29, 2009
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Kiva Help Repayment Schedule for Hanifa Kimera's Group

  Expected Repayments Actual Repayments Comments
September 2009 $687.52 $687.52 Repayment Received
October 2009 $687.52 $687.52 Repayment Received
November 2009 $687.52 $687.52 Repayment Received
December 2009 $687.44 $687.44 Repayment Received