Florence Namugalu's Group
Status: Paying Back
| $1,425.00 | Loan Amount |
|---|
About the Group
| Group Name: | Florence Namugalu's Group |
|---|---|
| Group Members: |
Florence Namugalu Harriet Nakku Stella Nanteza Christine Namuli Jane Nanyonga Justine Nanyonga (not pictured) |
| Location: | Mukono, Uganda |
| Activity: | Liquor Store / Off-License |
About the Loan
| Loan Amount: | $1,425.00 |
|---|---|
| Loan Use: | Restocking her shop with more drinks. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 28, 2009 |
| Date Disbursed: | Jul 28, 2009 |
| Date Funded: | Jul 29, 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: | 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: | 2,100.0000 UGX = 1 USD |
She started getting loans 1 and a half years ago and she has been able to buy a plot of land that she is currently using for farming, but in future she will construct a family house. She needs a loan to be able to restock her shop with more crates of beer, wine and spirits for sale. She hopes to one day have a large bar and be able to sell more drinks.
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 Namugalu's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Jul 30, 2009 |
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Comment on this entry
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Repayment Schedule for Florence Namugalu's Group
Repayment Schedule for Florence Namugalu's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $267.19 | $267.19 |  Repayment Received
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| November 2009 | $445.31 | $445.31 | Repayment Received
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| December 2009 | $356.25 | $356.25 | Repayment Received
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| January 2010 | $356.25 | Available Jan 1 | |||
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