Grace Mukasa's Group


Status: Paying Back

$1,300.00   Loan Amount
68% repaid

About the Group

Group Name: Grace Mukasa's Group
Group Members: Grace Mukasa
Musa Luwambya
Agnes Namakula
Patrick Maligisi
Jane Namuli
Location: Lugazi, Uganda
Activity: Poultry

About the Loan

Loan Amount: $1,300.00
Loan Use: Buying more chicks and chicken feed to expand her farm.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 13, 2009
Date Disbursed: Aug 6, 2009
Date Funded:Aug 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,050.0003 UGX = 1 USD



Grace Mukasa is the leader of her lending group in Lugazi. She is 40 years old and married with 6 children, ages 5 to 24, all of whom attend school.

Grace has a poultry farm business where she keeps chickens both for meat and eggs. Her markets are in Nkokonjeru and Lugazi. She has spent 8 years in the same business and, as a result, she has been able to own an organized home. She also has cows that she milks to pay fees for her children. She is grateful that the loans have managed to improve her business and the sky is the limit for her future developments.

She has ordered more day-old chicks, both layers and broilers, and her loan will help her to complete payment and buy feed for her poultry farm.



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 Grace Mukasa's Group


Loan has been disbursed
 
Entrepreneur: Grace Mukasa's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to Grace Mukasa's Group, consisting of Grace Mukasa, Musa Luwambya, Agnes Namakula, Patrick Maligisi, Jane Namuli by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lugazi, Uganda
Aug 16, 2009
Comment on this entry

Kiva Help Repayment Schedule for Grace Mukasa's Group

  Expected Repayments Actual Repayments Comments
October 2009 $162.50 $162.50 Repayment Received
November 2009 $325.00 $325.00 Repayment Received
December 2009 $406.25 $406.25 Repayment Received
January 2010 $325.00 Available Jan 1  
February 2010 $81.25 Available Feb 1