Charles Ssalongo Ssenkungu's Group
Status: Paid Back
| $4,775.00 | Loan Request | |
|---|---|---|
| $4,775.00 | Paid Back |
About the Group
| Group Name: | Charles Ssalongo Ssenkungu's Group |
|---|---|
| Group Members: |
Charles Ssalongo Ssenkungu Teddy Mbowa Betty Namuswe Aminah Segujja Sarah Mugambe Deborah Balinda Pross Nakiyimba Frista Nansubuga Immaculate Namuleme Juliet Najjuma Allen Nakayenga Halima Mukasa (not pictured) John Jaboth Isaac Nsubuga Abdul Mayanja Robert Mbaziira |
| Location: | Lugazi, Uganda |
| Activity: | Liquor Store / Off-License |
About the Loan
| Loan Amount: | $4,775.00 |
|---|---|
| Loan Use: | Buying raw materials for making waragi, a local brew. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 15, 2009 |
| Date Disbursed: | Jun 30, 2009 |
| Date Funded: | Jul 22, 2009 |
| Loan Ended: | Nov 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10718 |
| Total Loans: | $2,893,675 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Uganda |
|---|---|
| Avg Annual Income: | $1,700.00 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 2,090.5000 UGX = 1 USD |
Charles Ssalongo Ssenkungu is a hard working and devoted 53-year-old man. He is married with 12 children aged from 29 to 10 years, of which 2 are still in school, and he also cares for 7 dependants, including grandchildren.
Charles has had a business selling waragi, a local brew, since 1984. His idea of getting loans was to help improve the quality of his waragi. The main challenges affecting his business are the debtors that take a long time to pay, the poor quality raw inputs in instances where he cannot afford to purchase the good ones, as well as a lack of charcoal because of the rainy season.
After having access to the loans, Charles is now able to make quality waragi, in addition to improving his customer care. He has a hope of ensuring that all his children attend school. He needs a loan to help purchase more raw materials like bananas, yeast, and firewood for making waragi. He is a member of the Bakyala Kwekulakulanya group in Lugazi.
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 Charles Ssalongo Ssenkungu's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Jul 23, 2009 |
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Comment on this entry
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Repayment Schedule for Charles Ssalongo Ssenkungu's Group
Repayment Schedule for Charles Ssalongo Ssenkungu's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $895.32 | $895.32 |  Repayment Received
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| October 2009 | $1,193.76 | $1,193.76 | Repayment Received
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| November 2009 | $1,492.20 | $1,492.20 | Repayment Received
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| December 2009 | $1,193.72 | $1,193.72 | Repayment Received
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