Bulubandi North Nakagolo Hasifa Group


Status: Paying Back

$1,125.00   Loan Amount
30% repaid

About the Group

Group Name: Bulubandi North Nakagolo Hasifa Group
Group Members: Hasifa Nakagolo
Betty Namusobya
Monica Naigaga
Yudaya Babita
Esther Nakisuwi
Location: Iganga, Uganda
Activity: Bakery

About the Loan

Loan Amount: $1,125.00
Loan Use: To improve her bakery business and buy more equipment, ingredients and so forth.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 13, 2009
Date Disbursed: Aug 6, 2009
Date Funded:Aug 14, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,088.0000 UGX = 1 USD



Nakagolo Hasifa is 23, married, has two children and also looks after two dependents. She has owned a bakery for 5 years. She is requesting a loan to buy more equipment, ingredients and so forth. She is a hardworking business lady whose dream is to purchase a plot of land.



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 North Nakagolo Hasifa Group


Loan has been disbursed
 
Entrepreneur: Bulubandi North Nakagolo Hasifa Group
Location: Iganga, Uganda

Thank you for your loan. It has been disbursed to Bulubandi North Nakagolo Hasifa Group, consisting of Hasifa Nakagolo , Betty Namusobya, Monica Naigaga, Yudaya Babita , Esther Nakisuwi 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
Comment on this entry

Kiva Help Repayment Schedule for Bulubandi North Nakagolo Hasifa Group

  Expected Repayments Actual Repayments Comments
October 2009 $84.38 $84.38 Repayment Received
November 2009 $112.50 $112.50 Repayment Received
December 2009 $140.62 $140.62 Repayment Received
January 2010 $112.50 Available Jan 1  
February 2010 $140.63 Available Feb 1  
March 2010 $112.50 Available Mar 1  
April 2010 $112.50 Available Apr 1  
May 2010 $112.50 Available May 1  
June 2010 $140.62 Available Jun 1  
July 2010 $56.25 Available Jul 1