Thuyisighagane Itungu Joyce Group


Status: Paying Back

$1,125.00   Loan Amount
47% repaid

About the Group

Group Name: Thuyisighagane Itungu Joyce Group
Group Members: Joyce Itungu
Rose Biira
Annet Biira
Petronia Kabugho
Raphayirina Kighoma M
Julian Mbambu
Sylvia Mukimbwa
Location: Rukoki, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,125.00
Loan Use: To purchase more palm oil and smoked fish
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 27, 2009
Date Disbursed: Jun 17, 2009
Date Funded:Jun 29, 2009

About the Country

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



Itungu Joyce is a 50-year-old single mother of two children who are both in school. For over ten years Joyce has been selling palm oil and smoked fish. She will use her loan to purchase more palm oil and smoked fish so that she can expand her business and satisfy customer demand.


With the profits of her business, Joyce has managed to educate her children and buy a goat. Her future plan is to purchase a plot of land.



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 Thuyisighagane Itungu Joyce Group


Loan has been disbursed
 
Entrepreneur: Thuyisighagane Itungu Joyce Group
Location: Rukoki, Uganda

Thank you for your loan. It has been disbursed to Thuyisighagane Itungu Joyce Group, consisting of Joyce Itungu , Rose Biira , Annet Biira , Petronia Kabugho, Raphayirina Kighoma M, Julian Mbambu , Sylvia Mukimbwa by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 9 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Rukoki, Uganda
Jun 30, 2009
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Kiva Help Repayment Schedule for Thuyisighagane Itungu Joyce Group

  Expected Repayments Actual Repayments Comments
August 2009 $28.13 $28.13 Repayment Received
September 2009 $140.65 $140.65 Repayment Received
October 2009 $112.52 $112.52 Repayment Received
November 2009 $140.65 $140.65 Repayment Received
December 2009 $112.52 $112.52 Repayment Received
January 2010 $112.52 Available Jan 1  
February 2010 $140.65 Available Feb 1  
March 2010 $112.52 Available Mar 1  
April 2010 $112.52 Available Apr 1  
May 2010 $112.32 Available May 1