Bulubandi East Lutabigi Sarah Group


Status: Paying Back

$700.00   Loan Amount
32% repaid

About the Group

Group Name: Bulubandi East Lutabigi Sarah Group
Group Members: Sarah Lutabigi
Florence Titiny
Rehema Namulidwa
Prosy Nayisuba
Location: Iganga, Uganda
Activity: Beauty Salon

About the Loan

Loan Amount: $700.00
Loan Use: To purchase salon items
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 13, 2009
Date Disbursed: Jul 30, 2009
Date Funded:Aug 14, 2009

About the Country

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



Lutabigi Sarah, age 28, is the owner of a salon since the year 2004. She is a married business lady, blessed with two children and looking after six dependents who are all in school. She is requesting a loan to purchase salon items such as hair chemicals, hair treatments, conditioners and equipment like rollers, combs and so forth to provide quality services to her customers.


Lutabigi Sarah represents her group. She is an inspiring business lady whose dream is to purchase a plot of land and construct a house.



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 Bulubandi East Lutabigi Sarah Group


Loan has been disbursed
 
Entrepreneur: Bulubandi East Lutabigi Sarah Group
Location: Iganga, Uganda

Thank you for your loan. It has been disbursed to Bulubandi East Lutabigi Sarah Group, consisting of Sarah Lutabigi , Florence Titiny, Rehema Namulidwa , Prosy Nayisuba 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 15, 2009
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Kiva Help Repayment Schedule for Bulubandi East Lutabigi Sarah Group

  Expected Repayments Actual Repayments Comments
October 2009 $70.00 $70.00 Repayment Received
November 2009 $70.00 $70.00 Repayment Received
December 2009 $87.50 $87.50 Repayment Received
January 2010 $70.00 Available Jan 1  
February 2010 $87.50 Available Feb 1  
March 2010 $70.00 Available Mar 1  
April 2010 $70.00 Available Apr 1  
May 2010 $70.00 Available May 1  
June 2010 $87.50 Available Jun 1  
July 2010 $17.50 Available Jul 1