Monica Asiimwe's Group
Status: Paying Back
| $3,650.00 | Loan Amount |
|---|
50% repaid
About the Group
| Group Name: | Monica Asiimwe's Group |
|---|---|
| Group Members: |
Monica Asiimwe Jane Kateberirwe Richard Tushabe Jacinta Kentembwe Franchise Tweheyo David Kananura Alice Katangazi Mary Tibakanya Jovia Kembabazi Joy Birabwa Emmanuel Mwiine Jesca Kashaaha Yoram Baryamujura Jovanice Byaruhanga Godfrey Tumwiine |
| Location: | Ibanda, Uganda |
| Activity: | Shoe Sales |
About the Loan
| Loan Amount: | $3,650.00 |
|---|---|
| Loan Use: | To buy more shoes to increase her stock |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 3, 2009 |
| Date Disbursed: | Jul 29, 2009 |
| Date Funded: | Aug 23, 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 |
Asiimwe Monica is the leader of the Rwempiri subgroup in Ibanda. She is a 26 year old, friendly, and the mother of two children. She also cares for her parents deep in the village.
Monica has been in the business of selling shoes from Kashonda, Kazo for eight years and she is able to make profits worth 80,000 UGX. She is grateful for the loans because they make it possible for her to have quality shoes in her stock. Also, she would like to expand into a larger business with increased stock. With the loan, Monica hopes to buy more stock to avoid shortages.
Monica prays that her children continue being healthy so that the savings she makes will cater for their school fees once they start school.
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
Monica has been in the business of selling shoes from Kashonda, Kazo for eight years and she is able to make profits worth 80,000 UGX. She is grateful for the loans because they make it possible for her to have quality shoes in her stock. Also, she would like to expand into a larger business with increased stock. With the loan, Monica hopes to buy more stock to avoid shortages.
Monica prays that her children continue being healthy so that the savings she makes will cater for their school fees once they start school.
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 Monica Asiimwe's Group
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Loan has been disbursed
Location: Ibanda, Uganda
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Posted by
from Ibanda, Uganda
Aug 24, 2009 |
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Comment on this entry
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Repayment Schedule for Monica Asiimwe's Group
Repayment Schedule for Monica Asiimwe's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $608.33 | $608.33 |  Repayment Received
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| November 2009 | $608.34 | $608.34 | Repayment Received
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| December 2009 | $608.33 | $608.33 | Repayment Received
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| January 2010 | $608.33 | Available Jan 1 | |||
| February 2010 | $608.34 | Available Feb 1 | |||
| March 2010 | $608.33 | Available Mar 1 | |||
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