Rose Mutesi's Group
Status: Paying Back
| $3,550.00 | Loan Amount |
|---|
About the Group
| Group Name: | Rose Mutesi's Group |
|---|---|
| Group Members: |
Rose Mutesi Steven Kadhage Monic Adhikuseka Justine Keeya Hadija Nalubega Janet Nangulu David Bilewe Zalika Namulawa Joy Nalongo Sarah Lukalu Harriet Kategere Bazilo Lugolobi Betty Kasawo Rehema Nalwadda Ruth Isabirye Sanyu Abusagi |
| Location: | Jinja, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $3,550.00 |
|---|---|
| Loan Use: | To re-stock her retail shop with more goods for sale |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 9, 2009 |
| Date Disbursed: | Aug 3, 2009 |
| Date Funded: | Aug 17, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10683 |
| Total Loans: | $2,885,625 |
| 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: | 2,067.5000 UGX = 1 USD |
Rose has a retail shop that she has managed for eight years now. She has received a previous loan and is happy about her success in repaying it promptly. Thanks to that loan, Rosei was able to increase stock in her shop. The resulting profits and savings were a particular blessing because she has had to pay school fees and medical bills, as well as dealing with family emergencies. She was also able to increase revenue by offering refrigerated items such beer and other cold drinks. Her evening customer base has increased dramatically as a result, with the demand especially high for beer.
Rose is the mother of five children and she pays their school fees with the help of her husband, who helps her with the shop.
She needs a loan to help stock more products, particulalrly since it is now holiday time and more homesteads buy supplies in bulk.
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 Rose Mutesi's Group
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Loan has been disbursed
Location: Jinja, Uganda
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Posted by
from Jinja, Uganda
Aug 18, 2009 |
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Comment on this entry
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Repayment Schedule for Rose Mutesi's Group
Repayment Schedule for Rose Mutesi's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $665.63 | $665.63 |  Repayment Received
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| November 2009 | $887.50 | $887.50 | Repayment Received
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| December 2009 | $887.50 | $887.50 | Repayment Received
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| January 2010 | $1,109.37 | Available Jan 1 | |||
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