Betty Nakayiza's Group
Status: Paying Back
| $4,275.00 | Loan Amount |
|---|
75% repaid
About the Group
| Group Name: | Betty Nakayiza's Group |
|---|---|
| Group Members: |
Betty Nakayiza Florence Namwanje Juliet Nanziri Steven Boogere Aminah Balye Subra Senabulya Solome Kisekka Joyce Mumyeema Racheal Kaweesa Stella Muyambi Stella Wanyana |
| Location: | Lugazi, Uganda |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $4,275.00 |
|---|---|
| Loan Use: | To buy more clothes for her stock. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 29, 2009 |
| Date Disbursed: | Jul 27, 2009 |
| Date Funded: | Aug 9, 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: | 2,075.0000 UGX = 1 USD |
Betty Nakayiza is the leader of her subgroup of Suubilyamukama. She is a mother of 6 children ages 10-25 and all are in school, and she cares for other orphans. She has a business selling secondhand children's clothes in the town center and because she has done this a long time she has many customers. Betty says that she started very small due to lack of enough capital but now that she has access to loans to buy more stock, she makes more sales hence more profits. She dreams of building a permanent house as well as educating all her children at the university level. She needs to buy more stock for her business to increase profitability and sustainability. Betty is a determined and hardworking lady.
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 Betty Nakayiza's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Aug 10, 2009 |
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Comment on this entry
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Repayment Schedule for Betty Nakayiza's Group
Repayment Schedule for Betty Nakayiza's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $1,068.75 | $1,068.75 |  Repayment Received
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| November 2009 | $1,068.75 | $1,068.75 | Repayment Received
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| December 2009 | $1,068.75 | $1,068.75 | Repayment Received
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| January 2010 | $1,068.75 | Available Jan 1 | |||
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