Nakalama C 1 East Namawa Mutesi Group


Status: Paying Back

$875.00   Loan Amount
32% repaid

About the Group

Group Name: Nakalama C 1 East Namawa Mutesi Group
Group Members: Mutesi Namawa
Kasifa Nakagolo
Alaisa Ngoza
Amina Kagoya
Nabirye Kamuyati
Location: Iganga, Uganda
Activity: Used Clothing

About the Loan

Loan Amount: $875.00
Loan Use: To purchase used clothes for resale
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 8, 2009
Date Disbursed: Jul 31, 2009
Date Funded:Aug 12, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,060.0000 UGX = 1 USD



Namawa Mutesi is 35 years old, married with five children, and taking care of three dependents also attending school. She has been operating her business of selling used clothes for over five years. She will be utilizing the loan to purchase more used clothes for sale. She is an encouraging business lady whose dream is prospering.



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 Nakalama C 1 East Namawa Mutesi Group


Loan has been disbursed
 
Entrepreneur: Nakalama C 1 East Namawa Mutesi Group
Location: Iganga, Uganda

Thank you for your loan. It has been disbursed to Nakalama C 1 East Namawa Mutesi Group, consisting of Mutesi Namawa, Kasifa Nakagolo , Alaisa Ngoza , Amina Kagoya , Nabirye Kamuyati by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 9 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Iganga, Uganda
Aug 13, 2009
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Kiva Help Repayment Schedule for Nakalama C 1 East Namawa Mutesi Group

  Expected Repayments Actual Repayments Comments
October 2009 $87.50 $87.50 Repayment Received
November 2009 $87.50 $87.50 Repayment Received
December 2009 $109.38 $109.38 Repayment Received
January 2010 $87.50 Available Jan 1  
February 2010 $87.50 Available Feb 1  
March 2010 $109.37 Available Mar 1  
April 2010 $87.50 Available Apr 1  
May 2010 $87.50 Available May 1  
June 2010 $109.38 Available Jun 1  
July 2010 $21.87 Available Jul 1