Grace Apolot's Group
Status: Paying Back
| $1,125.00 | Loan Amount |
|---|
62% repaid
About the Group
| Group Name: | Grace Apolot's Group |
|---|---|
| Group Members: |
Grace Apolot Margaret Najjengo Agnes Nalwoga Prossy Nakisikka Margaret Mutekanga Phiona Nangendo Fatumah Nabagereka Deo Byakatonda Betty Namusisi Annet Namubiru |
| Location: | Mukono, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $1,125.00 |
|---|---|
| Loan Use: | Restocking both her retail and tailoring businesses. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 13, 2009 |
| Date Disbursed: | Aug 12, 2009 |
| Date Funded: | Aug 17, 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: | 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: | 2,050.0003 UGX = 1 USD |
Grace Apolot is the leader of her lending group in Mukono. For the past five years, this hard-working lady has operated both a retail shop and a tailoring business. This is her first loan request with the group, and she plans to use the money to purchase additional products for her shop and increase the quantities of the products that she currently carries to ensure that profits increase. As well, she wants to increase the stock of clothes for her tailoring business, hoping to thereby double her profits. She is grateful for the help rendered to the group.
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
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 Apolot's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Aug 18, 2009 |
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Comment on this entry
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Repayment Schedule for Grace Apolot's Group
Repayment Schedule for Grace Apolot's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $70.31 | $70.31 |  Repayment Received
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| November 2009 | $351.57 | $351.57 | Repayment Received
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| December 2009 | $281.25 | $281.25 | Repayment Received
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| January 2010 | $281.25 | Available Jan 1 | |||
| February 2010 | $140.62 | Available Feb 1 | |||
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