Florence Musomba's Group
Status: Paying Back
| $4,975.00 | Loan Amount |
|---|
87% repaid
About the Group
| Group Name: | Florence Musomba's Group |
|---|---|
| Group Members: |
Florence Musomba Mariam Nakkazi Margaret Batalaze Samalie Nabbanja Godfrey Nyanzi Margaret Mudumba Dezi Mwebe Florence Nabengo Solome Nalumansi Christine Namusisi Ben Sentalo Robert Seluwu Allen Mubi (not pictured) |
| Location: | Kampala, Uganda |
| Activity: | Services |
About the Loan
| Loan Amount: | $4,975.00 |
|---|---|
| Loan Use: | To buy more decorating materials and more pigs. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 20, 2009 |
| Date Disbursed: | Jul 14, 2009 |
| Date Funded: | Jul 22, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10752 |
| Total Loans: | $2,902,500 |
| 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: | 2,097.5000 UGX = 1 USD |
Florence Musomba is one of the executive members of Balikyewunya group in Gayaza and has a decorating business that has been running for over 20 years. She also keeps pigs at home. She is a friendly lady and this has won her customers because of her free nature. She is able to make a weekly profit of about 50,000/= and this usually increases in some seasons like Easter and Christmas and on special occasions. Florence is a married mother of five children who are still in school and she cares for five grandchildren. Her main challenge is paying her children’s school fees. This is one reason Florence works so hard. She needs a new loan to buy more decorating materials like nets and veils and to buy two pigs for her farm.
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
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 Florence Musomba's Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Jul 23, 2009 |
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Comment on this entry
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Repayment Schedule for Florence Musomba's Group
Repayment Schedule for Florence Musomba's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $310.94 | $310.94 |  Repayment Received
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| October 2009 | $1,243.76 | $1,243.76 | Repayment Received
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| November 2009 | $1,554.70 | $1,554.70 | Repayment Received
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| December 2009 | $1,243.76 | $1,243.76 | Repayment Received
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| January 2010 | $621.84 | Available Jan 1 | |||
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