Margaret Mutalaga's Group
Status: Paying Back
| $4,800.00 | Loan Amount |
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75% repaid
About the Group
| Group Name: | Margaret Mutalaga's Group |
|---|---|
| Group Members: |
Margaret Mutalaga Sylivia Nyinandende Paul Siminyi RoseMary Nakiganda Sarah Nabatanzi Margaret Namuswe Josephine Nantongo Agnes Namubiru Betty Samanya Shamim Nahibwa (not pictured) Hadijah Nassimbwa Mariam Sengendo Phoebe Sebina Sarah Sebina (not pictured) |
| Location: | Zana, Uganda |
| Activity: | Poultry |
About the Loan
| Loan Amount: | $4,800.00 |
|---|---|
| Loan Use: | Buying chicken feed and chicks for farm expansion |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 30, 2009 |
| Date Disbursed: | Jul 29, 2009 |
| Date Funded: | Aug 4, 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: | 2,090.0000 UGX = 1 USD |
Mutalaga Margaret is the chairperson of Wofunira group in Zana. She is a 52-year-old and a very hard-working lady with a poultry business in Naziba, Seguku for the past 10 years. Over that time, her farm has expanded and at the moment, she has 2000 layers and 400 broilers and she hopes to increase it further.
Margaret is a widow with 11 children and she cares for 6 dependents including paying their school fees and general upkeep. Margaret needs a loan to be able to buy chicken feed and chicks for farm expansion.
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 Margaret Mutalaga's Group
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Loan has been disbursed
Location: Zana, Uganda
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Posted by
from Zana, Uganda
Aug 5, 2009 |
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Comment on this entry
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Repayment Schedule for Margaret Mutalaga's Group
Repayment Schedule for Margaret Mutalaga's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $900.00 | $900.00 |  Repayment Received
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| November 2009 | $1,500.00 | $1,500.00 | Repayment Received
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| December 2009 | $1,200.00 | $1,200.00 | Repayment Received
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| January 2010 | $1,200.00 | Available Jan 1 | |||
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