Patrick Mugume's Group
Status: Paying Back
| $1,150.00 | Loan Amount |
|---|
75% repaid
About the Group
| Group Name: | Patrick Mugume's Group |
|---|---|
| Group Members: |
Patrick Mugume Aloysious Muwonge William Baguma Sefoloza Tibasagwa William Kagiraha Christine Mbabazi (not pictured) |
| Location: | Mubende, Uganda |
| Activity: | Liquor Store / Off-License |
About the Loan
| Loan Amount: | $1,150.00 |
|---|---|
| Loan Use: | To buy more alcohol for resale |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 25, 2009 |
| Date Disbursed: | Jul 22, 2009 |
| Date Funded: | Jul 26, 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: | 2,097.0000 UGX = 1 USD |
Mugume Patrick is the leader of Nyamuhanamu group in Mubende. He is 37 years old and married with five children aged from four to twelve years, as he cares for three dependents. Since 1999 he has had a business selling alcohol in Nyamuhanamu, and he is able to make a monthly profit of 100,000 UGX. Patrick has future plans of building a family house and a house for rent so that he can have two businesses at the same time. He needs a loan to help buy and sell more alcohol for more profit. He says that the key to his success is his good customer care.
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 Patrick Mugume's Group
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Loan has been disbursed
Location: Mubende, Uganda
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Posted by
from Mubende, Uganda
Jul 27, 2009 |
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Comment on this entry
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Repayment Schedule for Patrick Mugume's Group
Repayment Schedule for Patrick Mugume's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $287.50 | $287.50 |  Repayment Received
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| November 2009 | $287.50 | $287.50 | Repayment Received
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| December 2009 | $287.50 | $287.50 | Repayment Received
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| January 2010 | $287.50 | Available Jan 1 | |||
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